Your original purchase price was $825.00 plus 7% sales tax. You enter into an agreement where the interest (12.5% APR) is waived for the first 12 months provided you make the
required monthly payments; otherwise the interest is accrued from the date of purchase. You
miss the first payment due date. The late fee is $35.00. How much is the interest?
O $103.13
O $110.34
O $8.59
O $9.20