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PLEASE ANSWER ALL THE QUESTIONS AND DO NOT RE-USE ANSWERS FROM OTHER TUTORS Discuss the following: The business practices of the rent-to-own industry. How are
PLEASE ANSWER ALL THE QUESTIONS AND DO NOT RE-USE ANSWERS FROM OTHER TUTORS
Discuss the following:
- The business practices of the rent-to-own industry.
- How are they able to avoid the restrictions on interest rates?
- Why are these operations so attractive to so many people compared to saving the money to buy the desired item or going to a thrift store to acquire the item?
- What you found regarding the effective interest rates being charged and how much higher the rent-to-own stores cash price exceeded the price of the identical item at a reputable retail outlet.
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