WILL GIVE 5 STAR IF CORRECT: Chasity purchased a pool for $9,270 using a six-month deferred payment plan with an interest rate of 17.95%. She did not make any payments during the deferment period. What will Chasity's monthly payment be if she must pay off the pool within four years after the deferment period? (4 points) $297.41

$193.13

$560.59

$211.12

$297.41

Step-by-step explanation:

Given that:

Amount = 9270

Derferred period = 6 months = 0.5 yr

Rate = 17.95% = 0.1795

Amount = 9270(1 + 0.1795)^0.5

Amount = 9270(1.1795)^0.5

Amount = 10067.663

PV = 10067.663

Number of months, n = 48

Monthly amount to be paid :

rp = rate per period = 0.1795/12 = 0.0149583

(rp * PV) / 1 - (1 + rp)^-n

(0.0149583 * 10067.663) / 1 - (1 + 0.0149583)^-48

150.5951234529 / 0.5096723

= 295.47441

Closest option is $297.41

over the argument its not good to fight.

step-by-step explanation:

if you want to solve percent error follow these steps.

1. subtract the accepted value from the experimental value.

2. take the absolute value of step 1.

3. divide that answer by the accepted value.

4. multiply that answer by 100 and add the % symbol to express the answer as a percentage.

if you want to solve percent of change just do this.

1. work out the difference (increase) between the two numbers you are comparing.

2. divide the increase by the original number and multiply the answer by 100. if your answer is a negative number then this is a percentage decrease.

hope this : )