Asked by Sandy

You purchase a computer for $875.00 plus 5% sales tax. You decide to finance it through the store's 0% program for 12 months. The terms state that you must pay $100.00/month and that if you miss a payment, you will be assessed a late fee of $39.00 plus the interest accrued to that point at a 14.25% APR. If you miss a payment in the eighth month, how much interest will you be charged?
(Please explain how you got the answer)
$83.13
$16.63
$87.28
$20.78
Answered by Henry
I = Po*r*t = 875*(0.1425/12)*8 = $83.13
Answered by drew
it's 87.28 just took this
Answered by shaun
its 87.28 i just took it too it is correct it said 11:16am 5/28/2018
Answered by alyssa
YAS ITS 918.75*.1425*8/12 AND DAT EQUALS 87.28 AYYYE LESS GET ITTTTTTTT
Answered by Theresa
it is $87.28
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