What is the balance after the deferment period
Problem
Albert purchased a bedroom set for $4,317 using a six-month deferred payment plan with an interest rate of 28.79%. What is the balance after the deferment period if payments of $192 are made each month?
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Albert purchased a bedroom set for $4,317 using a six-month deferred. What is the balance after the deferment period if payments of $192 are made each month?
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