please help!
my purhcase i would make
math 107 Poster Topics Finance Option 1: Find a TV or other large purchase at a "Rent-to-Own" store that you would like to purchase (Aaron's or Rent-a-Center) Part (A) Complete the following tasks and answer all the questions provided 1. Include a picture of the item you plan to rent/purchase and give the price this item would cost if you bought it today and paid cash (instead of making monthly payments). Determine how much you would pay each month for this item and how long would it take you to actually OWN the item. Does this monthly amount include any special fees? Calculate how much you would end up paying by the time you actually owned the item. Calculate the interest rate you are being charged, and how much would you pay in interest Explain how and where you got all of your information. Did you get your info from a website? If so, copy and paste the URL of the website into your summary. Did you go to the store? If so, give the location and the name of the person with whom you spoke 2. 3. 4. 5. Part (B) Now suppose that you put your money into a savings account instead of making the regular payments to the rental store and saved until you could afford to buy the item outright. 1 What bank will you use for your savings account? 2. What is their interest rate for regular savings accounts? 3. Suppose that you will deposit the same amount of money into the savings account every month that you would have paid to Rent-A-Center (or Aaron's) In other words, if the item costs $25 per month, then suppose you deposit that $25 in your savings account every month.) Calculate how long it would take you to save up enough money to buy the item outright (paying cash instead of making monthly payments). Calculate how much money you would save if you waited and bought the item with cash Explain how and where you got all of your information. Did you get your banking info from a website? If so, copy and paste the URL of the website into your summary. Did you go to the bank? If so, give the location and the name of the person with whom you spoke 4. 5. Aaron's Menu Search Pay Stores PHILIPS 75" Class (74.5" Diag.) Smart 4K UHD TV 4.5(2) Write a review SKU: 7301 P77 Own it in 24 months, No Credit Needed! Plus Tax Monthly Payment $149.99 $129.99/mo.* Today's Payment: $25.00 Delivery & Setup: FREE Service & Repair: NCLUDED START MY LEASE math 107 Poster Topics Finance Option 1: Find a TV or other large purchase at a "Rent-to-Own" store that you would like to purchase (Aaron's or Rent-a-Center) Part (A) Complete the following tasks and answer all the questions provided 1. Include a picture of the item you plan to rent/purchase and give the price this item would cost if you bought it today and paid cash (instead of making monthly payments). Determine how much you would pay each month for this item and how long would it take you to actually OWN the item. Does this monthly amount include any special fees? Calculate how much you would end up paying by the time you actually owned the item. Calculate the interest rate you are being charged, and how much would you pay in interest Explain how and where you got all of your information. Did you get your info from a website? If so, copy and paste the URL of the website into your summary. Did you go to the store? If so, give the location and the name of the person with whom you spoke 2. 3. 4. 5. Part (B) Now suppose that you put your money into a savings account instead of making the regular payments to the rental store and saved until you could afford to buy the item outright. 1 What bank will you use for your savings account? 2. What is their interest rate for regular savings accounts? 3. Suppose that you will deposit the same amount of money into the savings account every month that you would have paid to Rent-A-Center (or Aaron's) In other words, if the item costs $25 per month, then suppose you deposit that $25 in your savings account every month.) Calculate how long it would take you to save up enough money to buy the item outright (paying cash instead of making monthly payments). Calculate how much money you would save if you waited and bought the item with cash Explain how and where you got all of your information. Did you get your banking info from a website? If so, copy and paste the URL of the website into your summary. Did you go to the bank? If so, give the location and the name of the person with whom you spoke 4. 5. Aaron's Menu Search Pay Stores PHILIPS 75" Class (74.5" Diag.) Smart 4K UHD TV 4.5(2) Write a review SKU: 7301 P77 Own it in 24 months, No Credit Needed! Plus Tax Monthly Payment $149.99 $129.99/mo.* Today's Payment: $25.00 Delivery & Setup: FREE Service & Repair: NCLUDED START MY LEASE
