Ask Question
1 September, 22:49

Chen has $500 saved for a new TV. There is one on sale for $700. He can wait and save more money, or he can finance his purchase and make payments for two years. The payments add up to $850. Should he buy the TV on sale now?

+2
Answers (1)
  1. 1 September, 22:58
    0
    save and pay the $700

    Explanation:

    The answer in for this question is pretty straight forward. If he saves up a little bit more and buys the TV he would be paying a total amount of $700. On the other hand if Chen finances the TV, the total amount that he would need to pay back would be $850 (which most likely includes interest) Therefore the best option would be to save and pay the $700 instead of paying an extra $150 to get it a little sooner.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Chen has $500 saved for a new TV. There is one on sale for $700. He can wait and save more money, or he can finance his purchase and make ...” in 📗 Social Studies if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers