According to the given information, Veronique made a better decision than Lily, because the final cost of her purchase is lower including finance charges, which is option B.
A finance charge refers to an economic term which means that these are additional charges made by finance companies like banks to a transaction a person makes, such as a purchase and the like.
In the case of Veronique and Lily, they both bought the same suitcase whose prices were different. However, the better financial decision was Veronique's because she paid less ($25) for the same bag including finance charges than what Lily paid.
Lily had fewer fees still she will have to pay $10 more than Veronique.
Question- Veronique and lily each bought a piece of luggage that had the same price in different stores. the table below shows how they will pay for the item. payment for purchases name payment type payment amount (including finance charges) number of months to pay for item Veronique store financed $25 10 Lily credit card $35 7 who made the better financial decision and why?
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