Sarah purchased a swing set for $1,450 using a six-month deferred payment plan. The interest rate after the introductory period is 19.99%. No down payment is required, but there is a minimum monthly payment of $20. What is the balance at the beginning of the seventh month if only the minimum payment is made each month during the introductory period

$1,330

Explanation:

Sarah makes a minimum monthly payment of $20

If she is required to make this payment for a period of six months, then the total payment is

= $20×6

= $120

Since Sarah purchased the swing set for $1,450, then the balance at the beginning of the seventh month can be calculated as follows

= $1,450-$120

= $1,330

Hence the balance at the beginning of the seventh month is $1,330

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d. would be the correct answer. this because when finishing an informative essay, you want to recap what the argument of the essay was and how you were able to support it.