Answered

The chart shows pricing and payment options for two big-ticket items.

A 4-column table titled Financing Options for Household Items has 2 rows. The first column is labeled Item with entries laptop computer, 18.3 CF refrigerator. The second column is labeled rent-to-own payments with entries 150 dollars a month for 12 months, 140 dollars a month for 12 months. The third column is labeled installment plan with entries 100 dollars and 83 cents a month for 12 months, 80 dollars and 67 cents a month for 12 months. The fourth column is labeled cash price with entries 1,000 dollars, 800 dollars.

If someone were unable to pay cash right now, which financing option would be best for the laptop and for the refrigerator?

rent-to-own; installment
installment; rent-to-own
rent-to-own; rent-to-own
save up and pay cash

Answer :

annyksl

Answer:

rent-to-own; installment

Explanation:

The best options for an individual who does not have the full amount of money to buy a laptop and a cooler in sight, is rent-to-own and installment. This is because both of these options will allow the individual to buy the laptop and the refrigerator, and pay the price for them in small installments, weekly or monthly, until all the cost is paid.

anthougo

The right financing option for the payment of the laptop and refrigerator is D. save up and pay cash.

What are the financing options?

The financing options, which allow a consumer to purchase household items include:

  • Bank loans
  • Credit card financing
  • Equipment financing
  • Cash Advance
  • Invoice Financing.

Data:

Financing Options for Household Items

Item                            Rent-to-own payments   Installment Plan    Cash Price

Laptop computer       $150 per month           $100.83 per month    $1,000

18.3 CF refrigerator   $140 per month             $80.67 per month      $800

Total costs              $3,480 ($290 x 12)       $2,178 ($181.50 x 12)    $1,800

Thus, the right financing option for the payment of the laptop and refrigerator is D. save up and pay cash.

Learn more about financing options for household items at https://brainly.com/question/7132727

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