Electronic Boutique
NO INTEREST & NO PAYMENTS FOR 12 MONTHS on all 3-D TVS
*Offer is subject to credit approval. No finance charges assessed and no monthly payment required on the promotional purchase if you pay this amount in full by the payment due date ns shown on the twelfth (12th) billing statement after purchase date. If you do no, finance charges will be assessed on the promotional purchase amount from the purchase date and minimum monthly payment will be required on balance of amount. Standard account terms apply to non promotional balances and, after the promotion ends, $3,999 optima Pus 1080p true HD resolution for better picture quality.
APR = 23.83%. APR of 25.75%
(a) If you purchased the TV on September 22 of this year and the billing date of the installment loan is the 15th of each month, when would your first payment be due?
-October of this year
-October of next year
-August of this year
-August of next year
-September of next year
(b) What is the required amount of that payment (in $)? $?
(c)
What happens if the payment from part (b) is late, by less than 30 days, or less than required?
-You will have to repay the sales tax on the TV.
-You will be charged an interest of 25.75%.
-You will have to purchase the TV in full.
-You will be charged an interest of 23.83%.
-You will have to return the TV, with no refund.
How much additional money (in $) does this amount to? (Round your answer to the nearest cent.)
(d) What happens if the payment from part (b) is more than 30 days late?
-You will have to repay the sales tax on the TV.
-You will be charged an interest of 25.75%.
-You will have to purchase the TV in full.
-You will be charged an interest of 23.83%.
-You will have to return the TV, with no refund.
How much additional money (in $) does this amount to? (Round your answer to the nearest cent.) $?
(e)
What are some of the advantages of this offer? (Select all that apply.)
-There is nothing to pay at the time of purchase.
-There are no monthly payments on the TV, if paid in full by the payment due date.
-There are no finance charges, if paid in full by the payment due date.
-If payments are late by more than 30 days, the APR on the balances increases.
-There is a discout on the TV price.
-The finance charges for late or incomplete payments are high.
What are some of the disadvantages of this offer? (Select all that apply.)
-There is nothing to pay at the time of purchase.
-There are no monthly payments on the TV, if paid in full by the payment due date.
-There are no finance charges, if paid in full by the payment due date.
-If payments are late by more than 30 days, the APR on the balances increases.
-There is a discout on the TV price.
-The finance charges for late or incomplete payments are high.
The advertisement for the 3-D TV at the Electronic Boutique appeared in your local newspaper this moming. Answer the questions based on the information in the ad Electronic Boutique NO INTEREST & NO PAYMENTS FOR 12 MONTHS on all 3-D TVs Offer credit. Nechar als by and the real parchi yo that 12 hot ce charge will be wel een the pressional purchase m trum ila uralar tend timuslity paal will be required of wanden posto in premier alene must, uur dhe prod.. $3,999 to preto APR 28.75 pe pare the days latest will be of the time of 10 (a) If you purchased the TV on September 22 of this year and the billing date of the installment loan is the 15th of each month, when would your first payment be due? October of the year October of next year August of this year August of next year September of next year (b) What is the required amount of that payment ($) c) What happens if the payment from part (b) is late, by less than 30 days, or less than required? O You will have to repay the sales tax on the TV. O You will be charged an interest of 25.75%. O You will have to purchase the TV in full. O You will be charged an interest of 23.83%. O You will have to return the TV, with no refund. How much additional money in $) does this amount to? (Round your answer to the nearest cent.) $ (d) What happens if the payment from part (b) is more than 30 days late? O You will have to repay the sales tax on the TV. O You will be charged an interest of 25.75%. O You will have to purchase the TV in full. O You will be charged an interest of 23.83%. You will have to return the TV, with no refund. How much additional money (in $) does this amount to? (Round your answer to the nearest cent.) $ (e) What are some of the advantages of this offer? (Select all that apply.) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date. If payments are late by more than 30 days, the APR on the balances increases. There is a discout on the TV price. The finance charges for late or incomplete payments are high. What are some of the disadvantages of this offer? (Select all that apply.) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date. If payments are late by more than 30 days, the APR on the balances increases (d) What happens if the payment from part (b) is more than 30 days late? You will have to repay the sales tax on the TV. You will be charged an interest of 25.75%. You will have to purchase the TV in full. You will be charged an interest of 23.83%. O You will have to return the TV, with no refund. How much additional money (in $) does this amount to? (Round your answer to the nearest cent.) (e) What are some of the advantages of this offer? (Select all that apply.) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date. If payments are late by more than 30 days, the APR on the balances increases. There is a discout on the TV price. The finance charges for late or incomplete payments are high. What are some of the disadvantages of this offer? (Select all that apply) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date, If payments are late by more than 30 days, the APR on the balances increases. There is a discout on the TV price, The finance charges for late or incomplete payments are high. The advertisement for the 3-D TV at the Electronic Boutique appeared in your local newspaper this moming. Answer the questions based on the information in the ad Electronic Boutique NO INTEREST & NO PAYMENTS FOR 12 MONTHS on all 3-D TVs Offer credit. Nechar als by and the real parchi yo that 12 hot ce charge will be wel een the pressional purchase m trum ila uralar tend timuslity paal will be required of wanden posto in premier alene must, uur dhe prod.. $3,999 to preto APR 28.75 pe pare the days latest will be of the time of 10 (a) If you purchased the TV on September 22 of this year and the billing date of the installment loan is the 15th of each month, when would your first payment be due? October of the year October of next year August of this year August of next year September of next year (b) What is the required amount of that payment ($) c) What happens if the payment from part (b) is late, by less than 30 days, or less than required? O You will have to repay the sales tax on the TV. O You will be charged an interest of 25.75%. O You will have to purchase the TV in full. O You will be charged an interest of 23.83%. O You will have to return the TV, with no refund. How much additional money in $) does this amount to? (Round your answer to the nearest cent.) $ (d) What happens if the payment from part (b) is more than 30 days late? O You will have to repay the sales tax on the TV. O You will be charged an interest of 25.75%. O You will have to purchase the TV in full. O You will be charged an interest of 23.83%. You will have to return the TV, with no refund. How much additional money (in $) does this amount to? (Round your answer to the nearest cent.) $ (e) What are some of the advantages of this offer? (Select all that apply.) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date. If payments are late by more than 30 days, the APR on the balances increases. There is a discout on the TV price. The finance charges for late or incomplete payments are high. What are some of the disadvantages of this offer? (Select all that apply.) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date. If payments are late by more than 30 days, the APR on the balances increases (d) What happens if the payment from part (b) is more than 30 days late? You will have to repay the sales tax on the TV. You will be charged an interest of 25.75%. You will have to purchase the TV in full. You will be charged an interest of 23.83%. O You will have to return the TV, with no refund. How much additional money (in $) does this amount to? (Round your answer to the nearest cent.) (e) What are some of the advantages of this offer? (Select all that apply.) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date. If payments are late by more than 30 days, the APR on the balances increases. There is a discout on the TV price. The finance charges for late or incomplete payments are high. What are some of the disadvantages of this offer? (Select all that apply) There is nothing to pay at the time of purchase. There are no monthly payments on the TV, if paid in full by the payment due date. There are no finance charges, if paid in full by the payment due date, If payments are late by more than 30 days, the APR on the balances increases. There is a discout on the TV price, The finance charges for late or incomplete payments are high
