Which of the following options is a better purchase for a microwave? Option 1: A cash sale for $120 Option 2: $5 down with equal
2 answers:
Answer:
D. Option 1
Step-by-step explanation:
Let's evaluate each option separately:
Option 1 will cost $120.
Option 2:
Total cost = Down payment + Weekly payment
=
=
Therefore, option 2 will cost $155 which is worse compared to option 1.
Option 3:
Total cost = Down payment + Monthly payment
=
=
Therefore, option 3 will cost $130 which is worse compared to option 1.
Option 4:
Total cost = Down payment + Monthly payment
=
=
Therefore, option 4 will cost $135 which is worse compared to option 1.
So the best option is option 1.
So answer is D. Option 1
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