1. You decide you need a new computer. The cost of the computer is \( \$ 792 \). However, the store also offers a rent to own option which will cost \( \$ 38 \) per week for 24 weeks. How much more will the rent to own option cost after you have made all of the payments?

If you choose the rent-to-own option, you will pay \( \$ 38 \) per week for 24 weeks. To find out the total cost, you multiply those numbers: \( 38 \times 24 = \$ 912 \). Now, if we compare this to the outright purchase price of the computer, which is \( \$ 792 \), we calculate the difference: \( 912 - 792 = \$ 120 \). So, the rent-to-own option will cost you an additional \( \$ 120 \) after all payments are made. Now, before you decide, consider the long-term effects of rent-to-own arrangements. They can be appealing but often lead to paying significantly more in the end. Always weigh your options and crunch those numbers to avoid financial surprises! Remember, paying upfront could save you those precious dollars for something else.