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adoni [48]
3 years ago
5

Susannah purchased a lawnmower for $1,250 using a six-month deferred payment plan. The interest rate after the introductory peri

od is 25.99%. No down payment is required, but there is a minimum monthly payment of $30. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period? (4 points)
a $1,070.00
b $1,250.00
c $1,241.49
d.$1,421.49
Mathematics
2 answers:
abruzzese [7]3 years ago
4 0

Answer:

A is the correct answer to the problem!

storchak [24]3 years ago
3 0
Answer:

Is the B $1,250.00
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Answer: We are given:

\mu=247,\sigma=60

We need to find the z scores for the following vacation expense amounts:

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We know that z score formula is:

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When x = 197, the z score is:

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When x = 310, the z score is:

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