Mrs. King-Licht's Classes
NAME: FORMTEXT ?????DATE: FORMTEXT ?????Directions:Jesse did the math on a laptop deal and realized the bargain wasn’t a bargain at all. See if you can spot a bargain in the offers below. For each purchase, check the option that you think would be the best credit deal. Best DealOptionPurchase PriceMonthly PaymentsTotal InterestTotal CostPurchase a Computer FORMCHECKBOX Store Financing: 24 monthly payments at 11.9% APR$1,400$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ????? FORMCHECKBOX Credit Card: 36 monthly payments at 15.9% APR$1,400$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ?????Purchase a Stereo System FORMCHECKBOX Store Financing: 12 monthly payments at 13.5% APR$800$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ????? FORMCHECKBOX Credit Card: 24 monthly payments at 18% APR$800$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ?????Purchase a Car FORMCHECKBOX Car A: 7% APR for 60 months$20,000$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ????? FORMCHECKBOX Car B: 3.9% APR for 30 months$23,000$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ?????Purchase a Big Screen TV FORMCHECKBOX Store Financing: no payments for three months, but monthly interest charges start immediately at 10% APR; then six months of payments.$1,900$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ????? FORMCHECKBOX Credit Union: 11% APR for 12 months$1,900$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ?????Purchase a Truck FORMCHECKBOX Option A: $1,500 cash back now with 2.9% APR for 48 months$25,000$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ????? FORMCHECKBOX Option B: $0 cash back and 0.9% APR for 36 months$25,000$ FORMTEXT ?????$ FORMTEXT ?????$ FORMTEXT ????? ................
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