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The manager of Steve's Audio has approved Daisy's application for 24 months of credit with maximum monthly payments of $50. If the APR is 15 percent, what is the maximum initial purchase that Daisy can buy on credit? $1,031.21$890.99$989.98$1,134.57$501.36.

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The manager of Steve's Audio has approved Daisy's application for 24 months of credit with maximum monthly payments of $50. If the APR is 15 percent, what is the maximum initial purchase that Daisy can buy on credit? $1,031.21$890.99$989.98$1,134.57$501.36

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