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?

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

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

7.6k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

3 votes

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

Moode Osman answered Apr 11, 2018

by Moode Osman

8.0k points

0 Comments

Please log in or register to add a comment.

← Prev Question Next Question →

No related questions found

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

No related questions found

Other Questions