Shawna has been saving for a year to purchase a flat screen TV. When she visits an electronics store, they ask her to complete a credit application, just in case she chooses a TV outside her current budget. Shawna is approved for revolving and installment credit, as well as a 90 days same as cash option. Which choice is best if she decides to buy the bigger, more expensive TV and her goal is to save on interest?All these options have interest payments. Her only option is to continue saving her cash until she has enough to pay for the bigger TV.Revolving credit because it will let her make monthly payments90 days same as cash option because it's not associated with any interest charges as long as she pays on time.Installment credit because it will defer payments for a long time.

Mrs. Clark wants to buy a new television, but she does not have enough money in her bank account to pay for one. Which of these is NOT an option for Mrs. Clark? Select one:She can save money and pay cash for the television at a later datehighlight_offShe can save money and use her debit card to buy the television at a later datehighlight_offShe can use her debit card to buy the television nowhighlight_offShe can use her credit card to buy the television nowhighlight_off

Mr. Goyal wants to buy a new television, but he does not have enough money in his bank account to pay for one. Which of these is NOT an option for Mr. Goyal?AHe can use his credit card to buy the television now.BHe can save money and pay cash for the television at a later date.CHe can use his debit card to buy the television now.DHe can save money and use his debit card to buy the television at a later date.

Which person would benefit most from taking advantage of a low variable interest rate?A.Erica needs to borrow money to attend college, but she doesn't have a good credit history.B.Evan needs to borrow money to pay for car repairs, but he will be able to pay off the loan within two to three months.C.Emilio needs a loan to support his business and needs his payments to be as predictable as possible.D.Ellie has just found her dream home and wants to get a mortgage that will allow her to live there forever.

If a Mortgage requires fixed payments every month for 15 yrs, which of the following is true?Group of answer choicesEarly payments contained the most interest, while later payments contain more principalThe percentage of the payment going to interest goes up over timeThe amount of interest paid each month increases over timeThe same amount of principal is repaid with every payment

Multiple Choice QuestionJarek runs a small manufacturing company. He thinks over the next year he might need to borrow approximately $25,000 for upgrades to his business. He has decided to make an arrangement with the bank for (a) _____, which will allow him to borrow various amounts over time, not to exceed $25,000, if he needs it.Multiple choice question.credit cardline of creditsecured loantrade credit