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Karen opens a credit account to purchase a new bed. She makes a down payment of $200 on a $1,000 bed.What is her financial situation?
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Karen opens a credit account to purchase a new bed. She makes a down payment of $200 on a $1,000 bed.What is her financial situation?

User Federico Panunzio
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1 Answer

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I don't quite understand but Karen owes the credit card company $200, so she has $-200 right now and possibly more in the future to pay for the rest of the bed.
User Celso Wellington
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