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1. If you purchase the TV on January 24 of this year and take advantage of the stores ad:

a) What must be paid prior to taking the TV out of the store?

b) When will your first payment be due?

c) What should that payment be if you were to pay the TV off right then?

d) What are the advantages and disadvantages or the promotion?

e) Lets say you missed the no interest payment but you make the full payment 10 days late for the TV. What is the amount of payment that you made to the store to make this happen? (SHOW ALL WORK!)

f) Lets say you missed the no interest payment but you make the full payment 45 days late for the TV. What is the amount of payment that you made to the store to make this happen? (SHOW ALL WORK!)

g) Does the advantages and disadvantages change if you late pay on day 10 or day 45? Explain in details using mathematical terminology and numbers. (Answer should be at least 5 sentences long)

Electronic Boutique * NO INTEREST & NO PAYMENTS FOR 12 MONTHS on all 3-D TVs *Offer is subject to credit approval. No finance charges assessed and no monthly payment required on the promotional purchase if you pay this amount in full by the payment due date as shown on the twelfth (12th) billing statement after purchase date. If you do not, finance charges will be assessed on the promotional purch amount from the e purchase date and minimum monthly payment apply to non-promotional balances and, after the promotion ends , $3,499 o comporte de resolution for better picture quality. to promotional purchases. APR = 22.73%. APR of 24.75% 120Hz refresh rate, dual core processor, content applies if payment is more than 30 days late. Sales tax will be paid sharing and screen mirroring. Smart TV features let you interact and stream content from the web. at the time of purchase. Supports apps. BUSINESS DECISION: READING THE FINE PRINT

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