Explain benefits and downsides of financing your laptop

Assignment Help Financial Management

Reference no: EM133674542

Question

You decide to buy a laptop for $750. You make a down payment of $150 and the company will allow you to pay off the remainder in 12 payments over the next year at 13.5% interest with a finance charge of $25. Make a table of all payments over the next year including the initial down payment and finance charge. Show the difference between paying in cash for the laptop and this financial arrangement. Show all equations and calculations you used. Explain the benefits and downsides of financing your laptop and describe when you would advise someone to finance this kind of purchase.

Reference no: EM133674542

Questions Cloud

Which concepts best explains alexeis perceptual process : Alexei is a doctor who is quick to mention that he is a doctor when he first meets other people.

What happened to the amount of carbon dioxide in atmosphere : What happened to the amount of carbon dioxide in the atmosphere from 2015-2022? How did the global temperature change from 2015-2022?

Discuss the process of co-facilitation in group therapy : Would you consider the process of co-facilitation in group therapy as a critical incident ? If yes, what points should I consider talking about?

Examine film and body of research on cognitive psychology : Examine the connection between the film and the body of research on cognitive psychology.

Explain benefits and downsides of financing your laptop : Explain the benefits and downsides of financing your laptop and describe when you would advise someone to finance this kind of purchase.

Describe capabilities that are necessary for employment : Finally, considering all three theories, describe the workplace skills and capabilities that are necessary for employment.

What is harmony current level of profitability : Harmony is a South African mining company that exports 23 ounces of gold, What is Harmony's current level of profitability?

How does it benefit the child-parent-family and society : What do you like and what is important in their philosophy/goals/techniques? How does it benefit the child, parent, family, and society?

Define social anxiety disorder : Define social anxiety disorder (social phobia), noting the typical life stage of onset, and explain how it differs from "normal" shyness.

User Account

All Pages