Electronic Boutique NO INTEREST \& NOPAYMENTS FOR...

80.2K

Verified Solution

Question

Accounting

image
image
image
Electronic Boutique NO INTEREST \& NOPAYMENTS FOR 12MONTHS on all 3-D TVs at the tires of perhhise. (a) If you purchased the TV on Noyember 23 of this year and the beling date of the instaliment loan is the 15 th of each month, when would your firs payment be due? \begin{tabular}{l} October of this year \\ October of next year \\ December of next year \\ November of next year \\ December of this year \\ \hline \end{tabular} You will have to repay the sales tax on the TV. You will be charged an interest of 25.75%. You will be charged an interest of 23.83%. You will have to purchase the TV in full. You will have to return the TV, with no refund. How much additional money (in \$) does this amount to? (Round your answer to the nearest cent.) $ What happens if the payment from part (b) is more than 30 days late? You will have to repay the sales tax on the TV. You will be charged an interest of 25.75%. You will be charged an interest of 23.83%. You will have to purchase the TV in full. You will have to return the TV, with no refund. How much additional money (in \$) does this amount to? (Round your answer to the nearest cent.) e) What are some of the advantages of this offer? (Select all that apply.) The finance charges for late or incomplete payments are high. There are no finance charges, if paid in full by the payment due date. There are no monthly payments on the TV, if paid in full by the payment due date. There is nothing to pay at the time of purchase. There is a discout on the TV price. If payments are late by more than 30 days, the APR on the balances increases. The finance charges for late or incomplete payments are high. There are no finance charges, if paid in full by the payment due date. There are no monthly payments on the TV, if paid in full by the payment due date. There is nothing to pay at the time of purchase. There is a discout on the TV price. If payments are late by more than 30 days, the APR on the balances increases. What are some of the disadvantages of this offer? (Select all that apply.) The finance charges for late or incomplete payments are high. There are no finance charges, if paid in full by the payment due date. There are no monthly payments on the TV, if paid in full by the payment due date. There is nothing to pay at the time of purchase. There is a discout on the TV price. If payments are late by more than 30 days, the APR on the balances increases

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

F G H E 8-12 1 B D E Compute...