Question

Which of the following is a consumer durable?

furniture

clothes

school supplies

gasoline

Answer 1

http://en.wikipedia.org/wiki/Durable_good


from that link above it says...

"Examples of consumer durable goods include cars, household goods (home appliances, consumer electronics, furniture, etc.), sports equipment, firearms, and toys.
Nondurable goods or soft goods (consumables) are the opposite of durable goods. They may be defined either as goods that are immediately consumed in one use or ones that have a lifespan of less than 3 years."

Answer 2

so its furniture

Answer 3

yep

Answer 4

thank u !!

Answer 5

yw

Answer 6

Karen bought a dishwasher from a rental center for $650. She makes 16 monthly payments of $63.75 with her credit card. The rental center charges $1.50 for every payment made with a credit card. What is the total cost of the dishwasher?

do u think u can help me with this one

Answer 7

how far did you get here?

Answer 8

no where. can u do it with me.

Answer 9

well it says "She makes 16 monthly payments of $63.75 "

so how much has she paid so far?

Answer 10

1,020

Answer 11

no wait

Answer 12

yea. 1020

Answer 13

then it says "The rental center charges $1.50 for every payment made with a credit card"

so that means that you make 16*1.50 = 24 dollars in extra fees (sounds unfair, but oh well). Add this to 1020 to get 1020+24 = 1044

So the total cost is $1044

Answer 14

oh wait, that $1.50 could just be a one time fee..hmm not sure

Answer 15

thank u . im going with 1044 and see if its right? can u help me with one more please

Answer 16

Felix purchased a boat for $9,755. He made a down payment of $875. He applied for a six-year installment loan with an interest rate of 10.4% in the amount of $8,880. What is the total cost of the boat after six years?

Answer 17

Which of the following is a characteristic of a deferred payment plan?

There is an introductory period where no interest is accrued.

The item purchased is used as collateral until the balance is paid in full.

A down payment is always required.

A certain number of payments must be made before the product is owned.

Answer 18

What did you get?

Answer 19

idk

Answer 20

hint: deferred means to put off or delay

Answer 21

Jim wrote above:
" "The rental center charges $1.50 for every payment made with a credit card"
oh wait, that $1.50 could just be a one time fee..hmm not sure "

How can the above statement possibly be interpreted as a one-time payment of $1.50?

Answer 22

yea I know that , I just don't see which one would be good for that

Answer 23

yea idk @mathstudent55

Answer 24

mathstudent55 i wasn't sure if it was charged at the purchase point or charged for each monthly payment

Answer 25

yea that's what we were confused about