Question

Financial Problem need help!

Answer 1

Emmitt wants to buy a new flat screen television. The cost of the television is $539. He has a credit card with a credit limit of $1,000 and an APR of 22 percent. The store offers him store credit with six months no interest and an APR of 22 percent. This means if he pays the balance in the first six months, he doesn’t pay any interest. If he doesn’t pay off the balance in the first six months, then he starts paying 22 percent interest on the balance thats left. Since he just paid off his car loan, he can afford to pay $100 each month. This means it would be possible for him to pay the balance within six months. He also has a great credit score and could obtain a personal loan. Remember, the goal is to find the most cost-effective option for purchasing the TV. How should Emmitt pay for the television?

Answer 2

How should Emmitt pay for the television?

Answer 3

Im stuck on this

Answer 4

I think its store credit