Let's assume you want the Whirlpool washing machine and dryer because you're moving into a new apartment and don't want to use the laundromat. When Consumer Reports created the chart, this same washing machine and dryer cost $966 to buy from Best Buy.
Whirlpool washing machine and dryer : The Deal 20.00 Weekly. Total Cost 2,699 after 35 weeks. Equivalent interest rate is 99%
Assume you take the same $19.99 you'd pay weekly at Rent-to-Own and saved that much weekly, in a piggy bank at home, instead.
How many weeks would it take you to save up and purchase the washer/dryer in cash?
Question 1 options:
A. 49 weeks
B. 25 weeks
C. 55 weeks
D. 26 weeks
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