Answer
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!
Solution
Certainly! Here's the information from your table presented in a clear and organized format:
---
### **OPTION 1: RENT-TO-OWN**
| **Details** | **Information** |
|-------------------------------------|----------------------------|
| **Payment Term** | Pay for **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 concludes.
---
If you intended to create a LaTeX table with this information, here's an improved version for better readability and structure:
```latex
\begin{table}[h!]
\centering
\begin{tabular}{|l|l|}
\hline
\multicolumn{2}{|c|}{\textbf{OPTION 1: RENT-TO-OWN}} \\ \hline
\textbf{Payment Term} & Pay for \textbf{7 years} at \textbf{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 of the LaTeX Table:**
- **\begin{table}[h!]:** Starts the table environment and positions it “here” in the document.
- **\centering:** Centers the table on the page.
- **\begin{tabular}{|l|l|}:** Creates a table with two left-aligned columns, each separated by a vertical line.
- **\multicolumn{2}{|c|}{...}:** Merges two columns into one for the title, centered.
- **\textbf{...}:** Boldfaces the text for emphasis.
- **\hline:** Adds horizontal lines for clear separation between rows.
- **\caption{...}:** Adds a caption below the table.
- **\label{...}:** Assigns a label for referencing the table within the document.
---
Feel free to adjust the formatting to better suit your needs or let me know if you need further assistance!
Reviewed and approved by the UpStudy tutoring team
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