Maria is considering buying a television and a refrigerator for her new apartment. Her monthly budget is $200.

Maria will pay an extra if she uses the rent-to-own program to buy the television, rather than waiting until she saves up enough money to pay cash for it.

If she saves her money and pays cash, she can purchase a refrigerator in _ months .

Maria will pay an extra amount of $924 to &951 to buy the television, rather than waiting until she saves up enough money to pay cash for it.

If Maria saves her money and pays cash, she can own a refrigerator in 4 months.

There are 52.3 weeks in a year, and depending on when she buys it, she can manage to make 52 or 53 payments that would make a total of $1404 a year or $1431 a year, if paying cash is $480, the difference would be either $924 or $951.

The refrigerator costs $800 and with the budget, she has a month, she can buy one after 4 months.

4 months at $200 a month= $800

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Baraq Baraq · Answer 2 · 2021-10-28T15:11:06+02:00

Maria will pay an extra $924 if she uses the rent-to-own program to buy the television instead of waiting until she saves up enough money to pay cash for it.

Also, If she saves her money and pays cash, she can purchase a refrigerator in 4 months.

If Maria buys the television at a rent-to-own program, the total cost would be $27 × 52 weeks => $1,404.

Given that the retail price for the television is $480, that means she would pay additional money of $924.

This is gotten by deducting retail price from the total cost of rent-to-own programs=> $1404 - $480 => $924.

Also, since her monthly budget is $200, and the cost of the Refrigerator is $800, then $800 ÷ $200 => 4 months.

Hence, in this case, it is concluded that Maria should have a patient rather than buy now so she won't pay more than she would pay later for these gadgets.

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