Consumers would pay an extra $800.00 if they used the rent-to-own program, rather than cash to buy the computer. For all of the items, using _______ is the cheapest option over the life of the contract. The most expensive overall option is to use _______ to purchase the item.
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The correct answer is: “cash” is the cheapest option, and “rent-to-own” is the most expensive overall option.
Explanation: When using cash to purchase the computer, you pay the full price upfront without any additional fees. In contrast, the rent-to-own program incurs an extra cost of $800 over time, making it more expensive than paying with cash. It’s generally more economical to pay upfront whenever possible to avoid additional fees associated with financing or rental agreements.