John needs a new dishwasher and buys it from a store because they had a financing special that offered no interest charges for 12 months. What will the store do if he doesn't pay the entire amount off in that time?

Question

John needs a new dishwasher and buys it from a store because they had a financing special that offered no interest charges for 12 months. What will the store do if he doesn't pay the entire amount off in that time?

(1 point)
It will begin assessing interest on whatever remains to be paid at that point.
It will repossess the dishwasher.
It will cancel the service
• contract on the dishwasher.
It will charge him all the
• interest that would have accrued over the year.

Answer 1

It will begin assessing interest on whatever remains to be paid at that point.

Answer 2

John needs a new dishwasher and buys it from a store because they had a financing special that offered no interest charges for 12 months. What will the store do if he doesn't pay the entire amount off in that time?

(1 point)
It will begin assessing interest on whatever remains to be paid at that point.
It will repossess the dishwasher.
It will cancel the service
• contract on the dishwasher.
It will charge him all the
• interest that would have accrued over the year.

Answer 3

The correct answer is: It will begin assessing interest on whatever remains to be paid at that point.

Answer 4

If John doesn't pay the entire amount off within the 12 months, the store will begin assessing interest on whatever remains to be paid at that point.

Answer 5

If John doesn't pay the entire amount of the dishwasher within the 12-month period, the store will most likely begin assessing interest on the remaining unpaid balance at that point. This means that they will start charging interest on whatever amount John still owes for the dishwasher. The store will not repossess the dishwasher or cancel the service contract on the dishwasher, as these actions are typically not associated with non-payment of a financed purchase. However, it is possible that there may be other consequences or penalties imposed by the store for not paying off the entire amount within the specified time frame. It's always important to carefully read and understand the terms and conditions of any financing agreement before making a purchase.