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1. Your wedding tuxedo suit costs $2,500. The Jason Wu Store offers you two payment plans: If you pay in cash (or charge your credit

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1. Your wedding tuxedo suit costs $2,500. The Jason Wu Store offers you two payment plans: If you pay in cash (or charge your credit card) you get a 10% discount; alternatively you can use the store's finance offer, i.e., putting S0 down today and paying S250 per month in the next 10 months, and the first payment will be due one month from today. What is the EAIR if you use the store's finance offer? If your credit card charges 12% (or ifyou can borrow from a bank at %12), should you pay cash (or charge your credit card or take the store's payment plan

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