Question

In: Advanced Math

You need a new computer. You are considering either leasing or putting the purchase on your...

You need a new computer. You are considering either leasing or putting the purchase on your credit card.


The terms of the lease agreement are $250 down and a monthly payment of $100 for 12 months, with an option to purchase for $300 at the end of the lease period.


If you buy the computer now and put the purchase on your credit card, your monthly payment would be $130, with the credit card interest rate 18% compounded monthly.


What is the best option?

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Expert Solution

Colby Messinger answered 1 year ago
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