Tina's refrigerator unexpectedly failed and she had to purchase a replacement for $1,100. Unfortunately, this came at the same time
that she had to pay her real estate taxes. She decided to use the store's credit offer of a 1.2% monthly periodic rate if the balance is not
paid by the second month. If she pays $500 by the second month and plans to pay the balance due at the end of the fourth month, how
much will she have to pay then?
$619.87.
$607.20.
$614.49.
$641.69.