Question

ASAP PLEASE HELP!!

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

A. rent-to-own; installment
B. installment; rent-to-own
C. rent-to-own; rent-to-own
D. save up and pay cash

Answer 1

save up and pay cash

Explanation:

paying cash is always the best idea and not trying to get so much debit. If you did one other otion and have the debit some emergency can come up and you will not be able to pay for that, and aying cash you save more money

Answer 2

D. save up and pay cash - is the right option.

Explanation:

Calculating the cost of laptop in all scenarios:

Rent to own payment:

$150 each month for 12 months. Total becomes:

`150*12=1800` dollars.

Installment plan:

$100.83 each month for 12 months. Total becomes:

`100.83*12=1209.96` dollars.

Cash price is $1000.

So, the lowest is the cash price. For other options, you have to pay more.

Calculating the cost of refrigerator in all scenarios:

Rent to own payment:

$140 each month for 12 months. Total becomes:

`140*12=1680` dollars.

Installment plan:

$80.67 each month for 12 months. Total becomes:

`80.67*12=968.04` dollars.

Cash price is $800.

So, the lowest is the cash price. For other options, you have to pay more.

Therefore, the correct option will be :

D. save up and pay cash