Your cousin is considering whether to buy a new home theater system. She can use installment credit

Question:

Your cousin is considering whether to buy a new home theater system.

She can use installment credit at the store (18 percent APR), or she can put the purchase on her credit card. Her credit card has a variable rate, which is 9.9 percent right now, but it is likely to increase in the next few months. What is your advice?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managing Your Personal Finances

ISBN: 9781305076815

7th Edition

Authors: Joan S. Ryan, Christie Ryan

Question Posted: