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(Solved) Wk3 Math109: Consumer Mathematics Advertisements for no interest, no money down, and no payments for a specified amount of time are all around us.


Wk3 Math109: Consumer Mathematics

Advertisements for no interest, no money down, and no payments for a specified amount of time are all around us. Consumers are drawn to these deals because, on the surface, they appear to offer an advantage and provide financial relief for a specified amount of time.

1) .What are some positive factors surrounding this type of financing and why?

2). What are some negative factors surrounding this type of financing and why?

3). How does interest factor into the overall equation?

 


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