Jenny, a recent college graduate, has moved from her parent's house into her own condo that she just bought. Her parents are giving her bedroom furniture but she needs to furnish the rest of the rooms in her condo.

She has been shopping around for furniture and has found living room and dining room furniture totaling $5500. She is thinking about financing the furniture through the store at an APR of 24.99%. The salesperson told her that the payments on the furniture could be as low as only $150 a month.

Jenny thinks it might be a good deal, but she wants to discuss it with her friend before she makes a decision. As Jenny's friend, would you tell her that the furniture is a good deal? Why or why not? Do you think it is good use of credit or bad use of credit? What would you suggest she do?