Question
You decide you need a new computer. The cost of the computer is \( \$ 672 \). However, the store also offers a rent to own option which will cost \( \$ 33 \) per week for 24 weeks. How much more will the rent to own option cost after you have made all of the payments? \( \$ 1 \) Basic Funcs Trig
Ask by Williams Coles. in the United States
Jan 19,2025
Real Tutor Solution
Tutor-Verified Answer
Answer
The rent-to-own option will cost \$120 more than buying the computer directly.
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The Deep Dive
The total cost of the rent-to-own option can be calculated by multiplying the weekly payment by the number of weeks: \( 33 \times 24 = 792 \). So, the rent-to-own option will cost you \( \$ 792 \) in total. To find out how much more this is compared to buying the computer outright, subtract the purchase price from the total of the rent-to-own payments: \( 792 - 672 = 120 \). Therefore, the rent-to-own option costs you an additional \( \$ 120 \).