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

to me i think class room sitting education is better. i do online school and i have not learned a think haha. when i sit in the classroom i just sit there and kind of pay attention but still i get so far ahead in the class when im doing online i have nothing else better to do but play video games and i sit in school and learn and have friends and just actually learn. when i'm doing online i sit here listing to music and get on and and look up the answers i guess that is my fault for being a cheater. but to be honest i think sitting in the classroom is better.