Laura is using a rent to own store to purchase a computer valued at $1,000. She is paying $25 per week for 104 weeks(2 years). Why might this loan contribute negatively to her financial well being?

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asked Apr 4, 2018 132k views

3 votes

Laura is using a rent to own store to purchase a computer valued at $1,000. She is paying $25 per week for 104 weeks(2 years). Why might this loan contribute negatively to her financial well being?

Computers and Technology
high-school

Mrroboaat asked

by Mrroboaat

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25*104 = 2600
she's paying 260% of the original price

Moode Osman answered Apr 11, 2018

by Moode Osman

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