Making Spending Decisions

Question 1

Joshua is in college, and his computer broke. He can get it repaired for $75, but it will take three weeks to fix.What is the best decision that Joshua can make if he wants to spend the least amount of money?

Revolt · Accepted Answer

Rent a computer for three weeks and get his old computer fixed.

Question 2

the TV and the refrigerator✔ the refrigerator and the laptopall three items

Revolt · Accepted Answer

✔ the refrigerator and the laptop

Question 3

Maria is considering buying a television, a computer, and a refrigerator for her new apartment.

Revolt · Accepted Answer

Maria will pay an extra if she uses the rent-to-own program to buy the television, rather than the installment plan.: $1,628; Maria’s monthly budget is $200. If she uses the installment plan, she will be able to afford .: the refrigerator and the laptop

Question 4

What are the disadvantages if Jamir decides to purchase the car? Check all that apply.

Revolt · Accepted Answer

He will have to come up with a bigger down payment.; His monthly payments will be higher.

Question 5

What is the most important question Jamir needs to consider before he agrees to a lease?

Revolt · Accepted Answer

Will he be able to stay under the 15,000 miles per year limit?

Question 6

What is the advantage of buying the house over renting the apartment?

Revolt · Accepted Answer

Sasha will eventually own the home once the mortgage is paid off.

Question 7

What is the advantage of renting the apartment over buying a home? Check all that apply.

Revolt · Accepted Answer

Sasha’s upfront costs will be lower, allowing her to keep her savings.; Sasha’s monthly costs will be lower.

Question 8

What questions should Emily ask herself before deciding to buy the jeans? Check all that apply.

Revolt · Accepted Answer

Can I afford them?; Is there a good alternative?; Do I need them?

Question 9

Maria will pay an extra if she uses the rent-to-own program to buy the television, rather than the installment plan.

Revolt · Accepted Answer

$1,628; Maria will pay an extra if she uses the rent-to-own program to buy the television, rather than the installment plan.: $1,628; Maria’s monthly budget is $200. If she uses the installment plan, she will be able to afford .: the refrigerator and the laptop

Making Spending Decisions Answers

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