Kris is looking to purchase a $599 laptop. They have $350 in cash, a $100 gift card, and a credit card with an $800 limit. Identify the payment method that can cover the cost of the new laptop.
Method 1: cash
Method 2: gift card
Method 3: credit card (1 point)
The payment method that can cover the cost of the new laptop is payment Method Blank
Payment Method 3: credit card
Dallas needs a new refrigerator that costs $799. Which of the following payment methods should Dallas use to pay for the refrigerator? Dallas wants to make sure there are sufficient funds to cover the purchases and minimize the interest, if any, that will be needed to pay for the purchases.
Method 1: He should use the debit card with a $600 balance.
Method 2: He should use the credit card with a $1,000 credit limit and a potential 5% interest on the purchases if the amount is not paid in full by the statement's due date.
Method 3: He should use a $799 payday loan with 7% interest. (1 point)
To ensure that there are sufficient funds and to minimize potential interest, Dallas should
use payment Method
to make the purchase.
Payment Method 1: He should use the debit card with a $600 balance.
Alvin wants to become a hairdresser. He can save $250 a month for two years, and his family has promised to help him with the rest. His training will cost $9,500. How much will his family have to pay? (1 point)
$ blank
Alvin will save a total of $250/month x 12 months/year x 2 years = $<<250*12*2=6000>>6000.
Therefore, his family will have to pay $9500 - $6000 = $<<9500-6000=3500>>3500. Answer: $3500.
Jefferson stops by a fast-food restaurant for a $3.50 cheeseburger every day. If he only ate at home and eliminated this cost, how much could he save after 10 weeks? (1 point)
$ blank
Jefferson spends $3.50 per day on a cheeseburger, so in a week, he spends $3.50 x 7 = $<<3.50*7=24.50>>24.50.
Therefore, in 10 weeks, he would spend $24.50 x 10 = $<<24.50*10=245>>245.
If he eliminates this cost and saves it instead, he could save $245. Answer: $245.
Analyzing the situation for financial responsibility, what is the most immediate threat to your finances from playing online video games? (1 point)
• losing track of microtransactions while playing online
• neglecting your studies
• downloading an expensive game
• spending too much time playing