Sonia purchased a pool for $2,150 using a six-month deferred payment plan. the interest rate after the introductory period is 27.99%. no down payment is required, but there is a minimum monthly payment of $35. 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) select one: a. $2,468.99 b. $1,940.00 c. $2,150.00 d. $2,258.99

Option D is correct.

Step-by-step explanation:

Sonia purchased a pool for $2,150 using a six-month deferred payment plan.

No down payment is required, but there is a minimum monthly payment of $35.

So, payments made in 6 months = = $210

Now, compound interest is found as:

Here p = 2150

r = 27.99% or 0.2799

n = 12

t = 1/2 = 0.5

Substituting the values in formula we get;

=>

A = $2468.99

Balance = = $2258.99

Therefore, the answer is option D.

step-by-step explanation:

the answer is 128

the answer is a if my teacher taught me correct