What will the total cost of the entertainment center be

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Problem 1: Chasity purchased a pool for $9,270 using a six-month deferred payment plan with an interest rate of 17.95%. She did not make any payments during the deferment period. What will Chasity's monthly payment be if she must pay off the pool within four years after the deferment period?

A.$297.41

B.$193.13

C.$560.59

D.$211.12

Problem 2: Zelma purchased an entertainment center for $4,174 using a 12-month deferred payment plan with an interest rate of 25.35%. She did not make any payments during the deferment period. What will the total cost of the entertainment center be if she must pay it off within five years after the deferment period?

A.$7,610.40

B.$4,174.00

C.$5,364.13

D.$9,513.00

Reference no: EM132739619

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