Listed below are four methods of paying for a polaroid camera with an initial cost of $ 54 $54dollar sign, 54. Method Terms Total Cash None $ 54 $54dollar sign, 54 Credit card 16.99 % 16.99%16, point, 99, percent APR, 29 2929 days grace period $ 54 + $54+dollar sign, 54, plus interest In-store financing 3 33 months interest-free $ ? $?dollar sign, question mark Layaway $ 4 $4dollar sign, 4 set up fee, equal monthly payments $ 58 $58dollar sign, 58 What would be the total cost if choosing in-store financing as a payment method, given that the purchase was paid off within 3 33 months?
54
54+interest
58
The total cost if choosing in-store financing as a payment method, given that the purchase was paid off within 33 months, would be $58.
The total cost of purchasing the polaroid camera using in-store financing as the payment method, if paid off within 33 months, would be $58.
To calculate the total cost of using the in-store financing payment method with a polaroid camera costing $54 over a period of 3 months, we need to consider the following information:
1. Initial cost of the camera: $54 (given)
2. Monthly payments on the in-store financing plan: Unknown
3. Interest rate: 0% (since it is interest-free)
4. Duration of the financing plan: 3 months (given)
Since the financing plan is interest-free, the total cost would be equal to the initial cost of the camera, which is $54.
Therefore, the total cost of choosing the in-store financing option, given that the purchase is paid off within 3 months, would be $54.