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Decision making: Plan 1: An item can be purchased for $625 cash. Plan 2: The store advertises that the same item can be purchased by
Decision making: Plan 1: An item can be purchased for $625 cash. Plan 2: The store advertises that the same item can be purchased by paying $100 down, $275 at the end of 9 month(s) and $300 at the end of 2 year(s). If money is worth 10.335% simple interest to the buyer, does Plan 1 or Plan 2 offer the better deal? (Enter either 1 or 2.) By how much is it a better deal?
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