James is buying a laptop computer. The cost of the computer is $4080. He wants to pay $1100 cash and finance the remainder. He has two options: Option A: Store credit with 13% per year simple interest for 3 years Option B: Credit card: 12% per year compounded monthly 3 year which option should he choose ? Justify your answer.
James is buying a laptop computer. The cost of the computer is $4080. He wants to pay $1100 cash and finance the remainder. He has two options: Option A: Store credit with 13% per year simple interest for 3 years Option B: Credit card: 12% per year compounded monthly 3 year which option should he choose ? Justify your answer.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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James is buying a laptop computer. The cost of the computer is $4080. He wants to pay $1100 cash and finance the remainder. He has two options:
Option A: Store credit with 13% per year simple interest for 3 years
Option B: Credit card: 12% per year compounded monthly 3 year
which option should he choose ? Justify your answer.
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