grade 11 math
posted by neha on .
at giant tv sales, you can chose between 2 payments options for a new tv. 1st option is 2 pay $2399.99. 2nd option is to pay a $399.99 downpayment plus $2200.00 after one year. if interset is 4.2% per year, compunded quarterly, wich option is a better deal
What interest rate are we talking about? They have given you two fixed amounts. Nothing was said about a loan. Better provide more detailed information here.
Is there a 3rd plan, where you finance the $2200?