Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is accrued from the date of purchase. You miss the first payment due date. The late fee is $35.00. How much is the interest?

Question

Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the required monthly payments; otherwise the interest is accrued from the date of purchase. You miss the first payment due date. The late fee is $35.00. How much is the interest?
•	 $103.13
•	 $110.34
•	 $8.59
•	 $9.20 my answer???
How much is the interest if you do not pay the second month? 
•	 $9.05
•	 $9.66 my answer???
•	 $121.53
•	 $143.70

Ty · Accepted Answer

those two are correct my friend

Mercadez · Answer

Second month is 9.66