Mathematics, 24.11.2019 13:31 shdidiod

Sakura purchased ski equipment for $1,248 using a six-month deferred payment plan. the interest rate after the introductory period is 23.79%. a down payment of $175 is required as well as a minimum monthly payment of $95. what is the balance at the beginning of the seventh month if only the minimum payment is made during the introductory period?

i know the answer is $637.13, i just can't remember the math i did to get to that answer.

same for this problem,

forrest purchased a car for $20,640. he made a down payment of $2,440. he applied for a five-year installment loan with an interest rate of 10.4%. what is the total cost of the car after five years?

the answer is $25,857.40.

if someone could explain to me how to do the math to get to these answers that would be great, you. : )

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Sakura purchased ski equipment for $1,248 using a six-month deferred payment plan. the interest rate...