Dallas needs a new refrigerator that cost $799. Which of the following payment methods should Dallas use to pay the refrigerator? Dallas want to make sure there are sufficient funds to cover the purchase and minimize the interest. If any that will be needed to pay for the purchase.
Method 2: he should use the credit card with a $1000
Method 1: Cash or debit card - Dallas can use cash or a debit card to pay for the refrigerator upfront. This method ensures that he has sufficient funds to cover the purchase and eliminates the need for interest payments.
Method 2: Credit card with a $1000 limit - Dallas can use a credit card with a $1000 limit to pay for the refrigerator. However, this method may result in the need to pay interest if he is unable to pay off the full balance before the billing cycle ends. Therefore, he should only use this method if he is confident in his ability to pay off the remaining balance quickly and avoid accruing interest.