Mathematics, 26.01.2021 14:00 Jboone

The Biden family buys a hot tub for $4,355 on a deferred payment plan. There is no down payment and no interest as long as the total is paid in full within 12 months. There is a $125 minimum monthly payment required. If they make only the minimum payment for 11 months, how much will they have to pay in the last month?

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The Biden family buys a hot tub for $4,355 on a deferred payment plan. There is no down payment and...