Question

Chris and Emily want to buy a new TV and have found the one they want for $1,299. They only have $300 saved, but they can take advantage of a six-months-same-as-cash deal. Over the next six months, they could save up the extra $999, pay it off early, and save on the interest. Is this a good idea? What advice would you give them?

A. Yes, it's a good idea.
B. No, it's not a good idea.
C. It depends on their financial situation.
D. Delay the purchase until they have more savings.

Answer 1

Taking advantage of the six-months-same-as-cash deal is a good idea for Chris and Emily as long as they are disciplined in saving the extra funds.

Step-by-step explanation:

To determine whether taking advantage of the six-months-same-as-cash deal is a good idea, we need to consider the financial implications. Chris and Emily want to buy a TV that costs $1,299 but they only have $300 saved. By saving up the extra $999 over the next six months, they can pay off the TV early and save on the interest. This seems like a good idea, as they can avoid paying any interest if they are disciplined in saving the extra funds.