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Same As Cash Have you ever been tempted by a same as cash financing offer? Read Warning About Sams. C ome blog that describes some
Same As Cash Have you ever been tempted by a "same as cash" financing offer? Read Warning About Sams. C ome blog that describes some of the pitfalls of this lending practice. Reply to this entry [LOS 3.1, 3.2] by November 3rd. Your post should include: Your response to: Suppose you purchased $5,000 worth of furniture and paid back only $3,500 before the 90-day deadline you are charged 18% simple interest, how much will you owe on day 91 if you plan to pay off loan in full on that day? (Use the article to explain your answer.) Show your work! Your response to one of the following (using concepts from the module when applicable): o Why do so many companies offer "same as cash" deals? Do you think most consumers pay off their "same as cash" purchases within the free financing period? Why or why not? What are the pros and cons of "same as cash" offers for the consumer? What are the pros and cons of "same as cash" offers for the seller? Read and respond to some of your teammates' posts. Please note: You won't see their replies until you post. All replies must be completed by November 10th
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