Question

Which of the following options is a better purchase for a microwave? A. $0 down with equal payments of $15 for 9 weeks B. $20 down with equal payments of $10 for 11 weeks C. $10 down with equal payments of $5 for 24 weeks D. $5 down with equal payments of $10 for 15 weeks

Answer 1

We assume the best option is the cheapest option, so we need to calculate the total price for each option:

A) $0 + $15×9 = $135
B) $20 + $10×11 = $130
C) $10 + $5×24 = $130
D) $5 + $10×15 = $155

So unless there was a typo in your problem, either of option B or C will be the best option since they are the cheapest at $130.

If you can only select one answer, it becomes a matter of preference. Would you like to pay off the microwave quicker, then choose option B.

If you would like to have more time to pay off the microwave, then choose option C.

Hope this helps!