Question

Which of the following options is a better purchase for a microwave?

Option 1: A cash sale for $120

Option 2: $5 down with equal payments of $10 for 15 weeks

Option 3: $10 down with equal payments of $5 for 24 months

Option 4: $0 down with equal payments of $15 for 9 months


A. Option 2
B. Option 1
C. Option 3
D. Option 4

Answer 1

Option 1: $120
Option 2: $155
Option 3: $130
Option 4: $135

So B. Option 1 is the better purchase