Milo is purchasing a new refrigerator for 5700 using an in

Last updated: 4/27/2023

Milo is purchasing a new refrigerator for 5700 using an in store offer The store is offering a 90 days same as cash loan This means that at the end of the 90 days if Milo has paid off the cost of the refrigerator he owes no added interest charge but if he does not pay off the entire cost of the refrigerator he owes simple interest on the original purchase amount calculated over the entire 90 days If the annual interest rate is 20 87 how much would Milo owe on the 91st day if he made no payments during the first 90 days Round your answer to the nearest cent if necessary Answer 2 Points Keypad