Question

The chart shows pricing and payment options for two big-ticket items. If someone were unable to pay cash right now, which financing option would be best for the laptop and for the refrigerator?
rent-to-own; installment
installment; rent-to-own
rent-to-own; rent-to-own
save up and pay cash

Answer 1

The correct answer is C) rent-to-own; rent-to-own.

The chart shows pricing and payment options for two big-ticket items. If someone were unable to pay cash right now, the financing option that would be best for the laptop and for the refrigerator would be rent-to-own; rent-to-own.

If you want to buy something relatively pricy or simply you cannot afford it right now because you do not have enough money to pay for it, you have one option that fits your necessities: rent-to-own. This is a finance option that helps acquire the good and make some payments during a period until you own it. The store or the company leases you the product and you agree to pay it monthly with the option to buy it when you can afford it. That is the way to acquire, cars, furniture, houses, or consumer electronics.

Answer 2

(B) Installment, Installment

Because installment plan is cheaper than rent-to-own plan for both laptop and refrigerator.Hence the buyer should opt for installment & installment for both the items to own them after 12 months of installments.