Ask Question
BusinessBusiness
28 October, 20:48

Sadie is buying new furniture that costs $560. which is the most cost-effective option? a: credit card with an apr of 18 percent and no grace period

b: store credit with an apr of 22 percent

c: personal loan with an apr of 18 percent and an application fee of $50

d: credit card with an apr of 18 percent with a grace period of twenty-five days

+4
Answers (1)
  1. 29 October, 00:18
    0
    D) credit card with an apr of 18 percent with a grace period of twenty-five days

    Explanation:

    Finance is based on the premise that the value of money increases as time passes, so Sadie must look for the option that charges her the lowest APR and gives her some type of grace period or longer payment schedule.

    Options B and C are the most expensive ones: B has the highest APR and C charges an application fee.

    Option D is better than option A because it grants a grace period, a short one, since it's basically a month. A short grace period is better than no grace period.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Sadie is buying new furniture that costs $560. which is the most cost-effective option? a: credit card with an apr of 18 percent and no ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The following transactions were selected from the records of Evergreen Company: July 12 Sold merchandise to Wally Butler, who paid the $940 purchase with cash. The goods cost Evergreen Company $570.
Answers (1)
You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions.
Answers (1)
Given the following dа ta: Average operating assets $504,000 Total liabilities $23,520 Sales $168,000 Contribution margin $85,680 Net operating income $45,360 Return on investment (ROI) would be: A. 27.0% B. 9.0% C. 51.0% D. 17.0%
Answers (1)
An owner of a stable of racehorses has been earning below-average returns for over 15 years. To a colleague, he expressed his determination to stay in horse racing until he died because "racing is in my blood.
Answers (1)
Min applies for a job as a receptionist at an accounting firm. if she is denied a job because she is of asian origin, she may be a victim of
Answers (1)
New Questions in Business
The employer will match the employee's social security and medicare contribution. true or false
Answers (1)
When president obama was elected, the u. S. Economy had slid into a recession. Consumer spending was low and getting worse.
Answers (1)
Continental foods is considering a conglomerate merger with a company that makes storage solutions. a likely reason is:
Answers (1)
Earned value is: a. A cost estimate of the budgeted resources across the project's life cycle. b. The cumulative total costs incurred in accomplishing the various project work packages. c.
Answers (1)
13. Which of the following is an example of secondary research? A. Gathering statistics online B. Conducting trial-and-error testing C. Observing reactions to free samples D. Hiring a marketing firm
Answers (1)
Home » Business » Sadie is buying new furniture that costs $560. which is the most cost-effective option? a: credit card with an apr of 18 percent and no grace period b: store credit with an apr of 22 percent c: personal loan with an apr of 18 percent and an
Sign Up Forgot Password?