The manager of Steve's Audio has approved Daisy's application for 24 months of credit with maximum monthly payments of $45. If the APR is 19.2 percent, what is the maximum initial purchase that Daisy can buy on credit?
A) $501.36
B) $1,024.35
C) $890.99
D) $980.99
E) $1,134.57
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Home » Business » The manager of Steve's Audio has approved Daisy's application for 24 months of credit with maximum monthly payments of $45. If the APR is 19.2 percent, what is the maximum initial purchase that Daisy can buy on credit? A) $501.36 B) $1,024.