\begin{tabular}{|l|}\hline OPTION 1: RENT-TO-OWN \\ Pay for 7 years at R1 \( 549 \mathrm{p} / \mathrm{m} \) \\ Additional costs: \\ R782 initiation fee \\ Buy-out after rental period R7 820 \\ \hline\end{tabular}

Here's a simplified version of the provided information: --- **OPTION 1: RENT-TO-OWN** - **Payment Term:** 7 years at R1,549 per month - **Additional Costs:** R782 initiation fee - **Buy-out After Rental Period:** R7,820 --- **Summary:** - **Duration:** 7 years of monthly payments. - **Monthly Payment:** R1,549. - **Upfront Cost:** R782 initiation fee. - **Final Buy-out Price:** R7,820 after the rental period. --- If you prefer a LaTeX table format, here's an improved version: ```latex \begin{table}[h!] \centering \begin{tabular}{|l|l|} \hline \textbf{Payment Term} & 7 years at R1,549 per month \\ \hline \textbf{Additional Costs} & R782 initiation fee \\ \hline \textbf{Buy-out After Rental Period} & R7,820 \\ \hline \end{tabular} \caption{Rent-to-Own Payment Plan} \label{tab:rent_to_own_option1} \end{table} ``` **Explanation:** - **\begin{table}[h!]:** Positions the table "here" in the document. - **\centering:** Centers the table. - **\begin{tabular}{|l|l|}:** Creates a two-column table with vertical lines. - **\textbf{...}:** Boldfaces the table headers. - **\hline:** Adds horizontal lines for separation. - **\caption{...}:** Adds a caption below the table. - **\label{...}:** Assigns a label for referencing. --- Feel free to adjust the formatting as needed or let me know if you require further assistance!