Problemas
It's ok to buy something on a 90 -days-same-as-cash deal as long as youknow you can pay it off in two months or less. True False
Roztwór
Emilia
veterano · Tutor durante 10 años
4.5
(249 Votos)
Respuesta
False
Explicación
## Step 1The problem presents a statement about a 90-day same-as-cash deal. This type of deal is a form of credit where the buyer can purchase an item and pay for it later, but the payment must be made within a certain period of time, in this case, 90 days.## Step 2The statement suggests that it is okay to buy something on this deal as long as you know you can pay it off in two months or less. However, this statement is not entirely accurate.## Step 3The reason is that the 90-day same-as-cash deal requires the buyer to pay off the full amount within 90 days, not two months. If the buyer is unable to pay off the full amount within this period, they will be charged interest on the remaining balance.## Step 4Therefore, the statement is false because it is not enough to know that you can pay off the amount in two months or less. You must be able to pay off the full amount within 90 days to avoid any additional charges.