Mathematics, 05.03.2020 07:35 samantha9430

Cedric purchased a new refrigerator and stove at Home Depot for $3,729 on a deferred payment plan with no down
payment and no payment at all for three months. If the entire $3,729 is paid in full before three months is up, there is no
interest. If it is not paid in full within the three months, there is a finance charge with an APR of 25.5% applied each month
going back to the first month. If Cedric makes the full payment a week after the three months expired, what is the finance
charge?
a. $187.92
c. $116.80
b. $145.52
d. $242.81

Answers: 1

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Cedric purchased a new refrigerator and stove at Home Depot for $3,729 on a deferred payment plan wi...