Unit 8 Financial Literacy BOL PCMath1 1 - Rev. July 20 5. BestBuy has a television on sale for $1300. They offer two payment options: a) Option 1: A $500 dollar down payment, no interest, no payments for 12 months on the balance owing. There is a $50 dollar delivery fee and a $70 administration fee. What would be the total cost? a) 1 mark b) Option 2: 12 payments of $150 dollars and free delivery. What would the total cost be? b) 1 mark c) Which option is less expensive, and by how much? C) I mark d) What rate of interest is Best Buy charging on the loan in option two? d) I mark