Answer:
The monthly payment is $316.54.
Step-by-step explanation:
It is given that Charlotte purchased a pool for $7680. The rate of interest is 20.45%.
She use a six-month deferred payment plan with an interest rate of 20.45%.
The principle amount after six-month deferred payment is
Where, PV is present value, C is monthly payment, r is rate of interest and n is number of years.
Therefore the monthly payment is $316.54.