Question

karen open 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?

Answer 1

Karen made a down payment of $200 on a $1,000 bed. This means that she still owes $800 on the bed. Karen opened a credit account to purchase the bed, so she will need to make monthly payments on the balance. Her financial situation is that she has made a significant purchase and has a debt that she will need to pay off over time. She will need to budget for monthly payments and potentially interest charges

Explanation:

Answer 2

Answer:800

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