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Jason and Traci need to furnish their apartment. The furniture they want costs $5779.95, including taxes and delivery charges. They will need to use credit
Jason and Traci need to furnish their apartment. The furniture they want costs $5779.95, including taxes and delivery charges. They will need to use credit and can afford payments of 500$. Which credit option should they choose?
A) A line of credit at 8.6%, compounded daily
B) furniture store financing at 0% interest for 6 months and then 29.995%, compounded monthly on the remaining balance.
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