Answer:
B. Jan 1
Explanation:
Total Cost of the Present=$105
Down Payment=20%
20% of 105=0.2 X 105=$21
Total Balance to be Paid =105-21=$84
Since she can afford to make a payment of $16 at the beginning of every month, we divide the balance to be paid by 16.
84÷16=5.25
That means Lois must make her first monthly payment 6 Months earlier including June since Father's day is 3rd Week of June.
Her First Monthly Payment should be made Jan 1.
