Windsor Central School District



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. Computer. You have two options to purchase a computer priced at $1,400. FORMCHECKBOX Store Financing: 24 monthly payments at 11.9 percent interest FORMCHECKBOX Credit Card: 36 monthly payments at 15.9 percent interestStereo System. Select an option to purchase a stereo system that costs $800. FORMCHECKBOX Store Financing: 12 monthly payments at 13.5 percent interest FORMCHECKBOX Credit Card: 24 monthly payments at 18 percent interestCar. You can purchase one of the following new cars from a local dealer. FORMCHECKBOX Car A: costs $20,000 at 7 percent interest for 60 months FORMCHECKBOX Car B: costs $23,000 at 3.9 percent interest for 30 monthsScreen TV. Choose an option to purchase a $1,900 TV. FORMCHECKBOX Store Financing: no payments for 90 days, but interest charges start immediately at 10 percent interest; then 6 months of payments. FORMCHECKBOX Credit Union: 11 percent interest for 12 monthsTruck. You have two options to purchase a new truck selling for $25,000 from a local dealer. FORMCHECKBOX Option A: $1,500 cash back now with 2.9 percent interest for 48 months FORMCHECKBOX Option B: $0 cash back at 0.9 percent interest for 36 months ................
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