The store also offers 18-month financing with no payment and no interest, but if the balance isn't paid in full at the end of 18 months,17.99% interest will apply to the entire purchase amount and will continue on any unpaid balance after 18 months.
Let's say you take this option and forget to pay off the final amount before the 18 months is up. And believe me., it's easy to do they don't exactly out there a way to remind you of the end date. If you'd paid $100 per month up until that point, how much would you still owe after the interest charge kick in? The loan is for 3,500 at 11.99% at 3 years. first, find the monthly payments. 2. Find the total installment price and finance charge. 3rd is up top.