Asked by Exoctic_DrEaMs
Dallas needs a new refrigerator that costs $799. Which of the following payments methods should Dallas use to pay for the refrigerator? Dallas wants to make sure there are suffuecents funds to cover the purchases and minimize the interest, if any, that will be needed to pay for the purchases.
Method 1: He should use the debit card with a $600 balance.
Method 2: He should use the credit card with a $1,000 credit limit and a potential 5% interest on the purchases if the amount is not paid in full by the statement's due date.
Method 3: He should use a $799 payday loan with 7% interest. (1 point)
To ensure that there are sufficient funds and to minimize potential interest, Dallas should use payment Method to make the purchase.
Method 1: He should use the debit card with a $600 balance.
Method 2: He should use the credit card with a $1,000 credit limit and a potential 5% interest on the purchases if the amount is not paid in full by the statement's due date.
Method 3: He should use a $799 payday loan with 7% interest. (1 point)
To ensure that there are sufficient funds and to minimize potential interest, Dallas should use payment Method to make the purchase.
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Answered by
GPT 3.5
Dallas should use Method 1: He should use the debit card with a $600 balance.
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