Which of the following options is a better purchase for a microwave? Option 1: A cash sale for $120 Option 2: $5 down with equal payments of $10 for 15 weeks Option 3: $10 down with equal payments of $5 for 24 months Option 4: $0 down with equal payments of $15 for 9 months A. Option 4 B. Option 3 C. Option 2 D. Option 1

The first option is a better choice heres why...
option 1) is $120
option 2) is $155
option 3 is $130
option 4) is 135
SO all and all the first payment method is the cheapest option.

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Limosa Limosa · Answer 2 · 2018-10-30T09:09:14+01:00

Answer:

D. Option 1

Step-by-step explanation:

Let's evaluate each option separately:

Option 1 will cost $120.

Option 2:

Total cost = Down payment + Weekly payment

=[tex]5+10\times15[/tex]

=[tex]155[/tex]

Therefore, option 2 will cost $155 which is worse compared to option 1.

Option 3:

Total cost = Down payment + Monthly payment

=[tex]10+5\times24[/tex]

=[tex]130[/tex]

Therefore, option 3 will cost $130 which is worse compared to option 1.

Option 4:

Total cost = Down payment + Monthly payment

=[tex]0+15\times9[/tex]

=[tex]135[/tex]

Therefore, option 4 will cost $135 which is worse compared to option 1.

So the best option is option 1.

So answer is D. Option 1