You are considering buying one of two brands of barbecue grills. Brand F costs $650 and will last for about fifteen year
G costs $200 and will last for about five years, so you will need to buy three of them over the years to equal one Brand
In either case, you plan to pay for the grill with your credit card, which has an interest rate of 13.01%, compounded mom
You will pay off a Brand F grill in five years of monthly payments, and you will pay off a Brand G grill in three years of m
payments. Assuming that you have no other purchases on your credit card, over a fifteen-year period, which kind of grill
cheaper, and how much cheaper will it be? (Round all dollar values to the nearest cent.)
a. Brand G will end up costing $159.48 less than Brand F.
b. Brand G will end up costing $50.00 less than Brand F.
c. Brand F will end up costing $134.28 less than Brand G.
d. Brand F will end up costing $91.08 less than Brand G.
Please select the best answer from the choices provided
ОА
OB