• Jackson purchased $5,200 worth of electronic equipment from BetterBuy on their deferred payment plan. the plan allows the customer to make no down payment and no payment at all for five months. if the entire amount is paid in full before the five-month deferment ends, the finance charge with an APR of 19.8% is applied each month going back to the first month. How much would it cost Jackson in finance charges if he misses the 5-month deadline?