Problema Solution
A television sells for $750. Instead of paying the total amount at the time of the purchase, the same television can be bought by paying $100 down and $50 a month for 14 months. Which is the better deal and why?
Answer provided by our tutors
$750 paying the total amount at the time of the purchase
100 + 14*50 = $800 not paying at the time of the purchase
since
750 < 800
the first deal (paying at the time of the purchase) is better.