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Jason is looking for an engagement ring to offer his girlfriend. He has found a similar ring at each of four different jewelry stores. He doesn't have enough money to pay for the ring in cash, so he is planning on opening a line of credit (credit card) at the store he ends up buying the ring from. The chart below outlines the difference in the price of the rings the different stores offer as well as the difference in credit options. Jason plans to pay off the ring purchase in 36 months. According to the information in the table, which of the jewelry stores will have the cheapest ring in the end?


Jessie's Jewelry
price=$1,250.00
credit card APR=19%

Über Pawn
price= $1,328.00
credit card APR=18.5%

Diamonds Forever
price=$1,199.00
credit card APR=21%

Diamonds Forever
price=1,199.00
credit card APR=21%




a.
Jessie's Jewelry

b.
Über Pawn

c.
Diamonds Forever

d.
Drake and Family Gold

Respuesta :

Hagrid
The correct answer for this question is this one:

According to the information in the table, which of the jewelry stores will have the cheapest ring in the end?


Jessie's Jewelry
price=$1,250.00
credit card APR=19%

Über Pawn
price= $1,328.00
credit card APR=18.5%

Diamonds Forever
price=$1,199.00
credit card APR=21%

Diamonds Forever
price=1,199.00
credit card APR=21%

a. Jessie's Jewelry

b. Über Pawn

c. Diamonds Forever

d. Drake and Family Gold
Hope this helps answer your question and have a nice day ahead.
jayilych4real

According to the information in the table, the jewelry stores which will have the cheapest ring in the end is:

  • C. Diamonds Forever

What is Price Difference?

This refers to the value gotten when the prices of the same good are subtracted from different stores or shops.

With this in mind and from the given text, we can see that Jason wants to pay it off in 36 months and he views the different prices between the options.

The annual price percentage (APR) of the store Diamonds Forever would be the cheapest for Jason when he calculates the repayment plan for a 36 month period based on their pricing and interest rates.

Read more about price difference here:

https://brainly.com/question/25397585

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