9
QuizMultiple Choice

Case Study: Personal Financial Planning — Quiz

Question 9 • Personal Finance

Daniel wants to buy a laptop computer, and he has $300 in savings. He can purchase a new computer for $279 or a refurbished [repaired or renovated] computer for $100. What should Daniel do next?

Answer
A
Review the pros and cons of the different available computers.
B
Obtain a credit card to pay for a refurbished computer.
C
Revise his budget to allow for a new computer.
D
Evaluate his decision to buy a computer.

Explanation

Daniel has enough savings to afford either computer, so he does not need to change his budget or borrow money. Before choosing, he should compare the advantages and disadvantages of the new and refurbished computers, such as price, condition, and warranty. Therefore, he should review the pros and cons of the available computers.

AI-written and checked against the verified answer.

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