Monday, May 5, 2014

financing with a computer? and Finance in Times Square

financing with a computer?



Im considering buying/financing a new computer. Now im more interested in how the financing works more than getting the computer itself heh. The computer would cost 1175.93$ now it says interest does not occur for 18 months. the payments are 10$ or 1%, now i know at that rate i would be paying off forever. over the 18 months paying at a rate of instead 2% would leave me with 744$ to pay off. now interest occurs. I need to know how it works. If you wana work it out and post the answer okay, just show how it worked. or explain it and ill work it out. Either way TY.
the interest was 25% give or take 5. just use the 25 though.


Finance best answer:

Answer by answerman288
do the math if you want to pay it before 18 months you have to pay 65.33/month for 18 months. if you wait until interest starts you will be hit with every penny of interest from the date of purchase and end up paying alot more than 1175. good luck


Finance

Finance in Times Square
Finance

Image by Geff Rossi
(taken in Times Square, Manhattan)



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