You bought a laptop computer for $525 on the "12 months is the same as cash" plan. the terms of the plan on the contract stated that if
not paid within 12 months, you would be assessed 15.5 percent apr for the amount on the first day of the plan
if you pay the laptop in 11 months, how much will you have paid?
a. $525
b. $540.50
c. $595.50
d. $606.38