Laura is using rent-to-own store to purchase a computer valued at $1,000. she is paying $25 per week for 104 weeks(2 years). why

Question

juin [17]

3 years ago

12

Laura is using rent-to-own store to purchase a computer valued at $1,000. she is paying $25 per week for 104 weeks(2 years). why

might this loan contribute negatively to her financial well-being?

Business

2 answers:

aev [14] · Answer 1 · 2022-05-14T23:31:29+03:00

aev [14]3 years ago

5 0

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit.

Anni [7] · Answer 2 · 2022-05-15T01:34:41+03:00

Answer:

She is paying 2,6 times the value of the computer.

Explanation:

The computer Laura purchased is valued at $1,000 but she is paying $25 per week for 104 weeks which means that at the end she would have paid $2,600 which is 2,6 times more than the value of the computer which contributes negatively to her financial well-being as she is paying a lot more than the cost of the computer and it is a money that she could have used for something else.