Question

Which of the following options is a better purchase for a microwave? Option 1: A cash sale for $120 Option 2: $5 down with equal payments of $10 for 15 weeks Option 3: $10 down with equal payments of $5 for 24 months Option 4: $0 down with equal payments of $15 for 9 months

Answer 1

Option 1: $120
Option 2: $5 + $150= $155
Option 3: $10 + $120= $130
Option 4: $0 + $135= $135

Option 1 is the cheapest.