Question

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?

Answer 1

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The loan contribute negatively to her financial well-being is because it takes longer for here to finish paying off the credit. 

Answer 2

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.