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

Answer 1

option 1 : 120
option 2 : 5% down + 10(15) = 5% + 150
option 3: 10 down + 5(24) = 10 + 120 = 130
option 4 : 0 down + 15(9) = 135

best option is option 1