Question

which of the following options is a better purchase for a bicycle? A cash sale for $88 or $5 down with equal payments of $8 for 10 weeks or %12 down with equal payments of $5 for $12 months or $20 down with equal payments of $20 for $12 months?

Answer 1

a cash sale for 88
5 down + 8(10) = 5 + 80 = 85
12 down + 5(12) = 12 + 60 = 72
20 down + 20(12) = 20 + 240 = 260

I am gonna have to go with 12 down + equal payments of $ 5 for 12 months