Question

Marty is making a layaway purchase of a $2,050 sofa at Frank's Furniture Store. He will be paying $173.19 every 2 weeks for 32 weeks on a layaway plan. What is

the layaway fee for this purchase?
$721.07
$721.06
$721.04
$721.05

Answer 1

Explanation:

The layaway fee for this purchase should be considered as the $60 when the purchase should be done.

Marty is making a layaway purchase of a $1,500 couch at Frank’s Furniture Store. He will be paying $156 every 2 weeks for 20 weeks

So, it can be like

= $1,560 - $1500

= $60

The layaway fee for this purchase should be considered as the $60 when the purchase should be done.