dallas needs a new refrigerator that cost 799 which of the following payment methods should Dallas use to pay for the refrigrator? Dallas wants to make sure there are suffient funds to cover the purchases and miminez the intrest if any that will be needed
To minimize interest and ensure sufficient funds, Dallas should consider using one of the following payment methods:
1. Cash: Paying the full amount in cash would ensure no interest charges and immediate ownership of the refrigerator.
2. Debit card: If Dallas has sufficient funds in their checking account, using a debit card to make the purchase would also avoid interest charges.
3. Credit card with 0% APR: If Dallas has a credit card with a 0% Annual Percentage Rate (APR) for an introductory period and enough credit limit to cover the cost, they could use it to make the purchase and pay off the balance within the interest-free period.
4. Layaway: Some stores offer layaway programs where Dallas can reserve the refrigerator by making regular payments over time. As long as Dallas makes the payments as agreed upon, there should be no interest charges.
It is essential for Dallas to carefully consider their financial situation and choose the payment method that aligns with their specific circumstances.