The advertisement for the 3-D TV at the Electronic Boutique appeared in your local newspaper this morning. Answer the questions based on the information in the ad. Electronic Boutique NO INTEREST & NO...


The advertisement for the 3-D TV at the Electronic Boutique appeared in your<br>local newspaper this morning. Answer the questions based on the information in<br>the ad.<br>Electronic Boutique<br>NO INTEREST &<br>NO PAYMENTS<br>FOR 12 MONTHS<br>on all 3-D TVs<br>*Offer is subject to credit approval. No finance charges assessed<br>and no monthly payment required on the promotional purchase if<br>you pay this amount in full by the payment due date as shown on<br>the twelfth (12th) billing statement after purchase date. If you do<br>not, finance charges will be assessed on the promotional purchase<br>amount from the purchase date and minimum monthly payment<br>will be required on balance of amount. Standard account terms<br>apply to non-promotional balances and, after the promotion ends, $3,999 Optimax Plus<br>to promotional purchases APR = 23.83%. APR of 25.65%<br>1080p true HD resolution for better picture quality.<br>120HZ refresh rate, dual core processor, content<br>sharing and screen mirroring Smart TV features<br>let you interact and stream content from the web.<br>Supports apps.<br>applies if payment is more than 30 days late. Sales tax will be paid<br>at the time of purchase.<br>(a) If you purchased the TV on September 23 of this year and the billing date of<br>the installment loan is the 15th of each month, when would your first<br>payment be due?<br>O October of this year<br>O August of next year<br>September of next year<br>O August of this year<br>O October of next year<br>(b) What is the required amount of that payment (in $)?<br>$<br>3999<br>(c) What happens if the payment from part (b) is late, by less than 30 days, or<br>less than required?<br>O You will be charged an interest of 25.65%.<br>O You will be charged an interest of 23.83%.<br>You will have to purchase the TV in full.<br>O You will have to repay the sales tax on the TV.<br>O You will have to return the TV, with no refund.<br>How much additional money (in $) does this amount to? (Round your answer<br>to the nearest cent.)<br>(d) What happens if the payment from part (b) is more than 30 days late?<br>O You will be charged an interest of 25.65%.<br>You will be charged an interest of 23.83%.<br>You will have to purchase the TV in full.<br>You will have to repay the sales tax on the TV.<br>O You will have to return the TV, with no refund.<br>How much additional money (in $) does this amount to? (Round your answer<br>to the nearest cent.)<br>$<br>

Extracted text: The advertisement for the 3-D TV at the Electronic Boutique appeared in your local newspaper this morning. Answer the questions based on the information in the ad. Electronic Boutique NO INTEREST & NO PAYMENTS FOR 12 MONTHS on all 3-D TVs *Offer is subject to credit approval. No finance charges assessed and no monthly payment required on the promotional purchase if you pay this amount in full by the payment due date as shown on the twelfth (12th) billing statement after purchase date. If you do not, finance charges will be assessed on the promotional purchase amount from the purchase date and minimum monthly payment will be required on balance of amount. Standard account terms apply to non-promotional balances and, after the promotion ends, $3,999 Optimax Plus to promotional purchases APR = 23.83%. APR of 25.65% 1080p true HD resolution for better picture quality. 120HZ refresh rate, dual core processor, content sharing and screen mirroring Smart TV features let you interact and stream content from the web. Supports apps. applies if payment is more than 30 days late. Sales tax will be paid at the time of purchase. (a) If you purchased the TV on September 23 of this year and the billing date of the installment loan is the 15th of each month, when would your first payment be due? O October of this year O August of next year September of next year O August of this year O October of next year (b) What is the required amount of that payment (in $)? $ 3999 (c) What happens if the payment from part (b) is late, by less than 30 days, or less than required? O You will be charged an interest of 25.65%. O You will be charged an interest of 23.83%. You will have to purchase the TV in full. O You will have to repay the sales tax on the TV. O You will have to return the TV, with no refund. How much additional money (in $) does this amount to? (Round your answer to the nearest cent.) (d) What happens if the payment from part (b) is more than 30 days late? O You will be charged an interest of 25.65%. You will be charged an interest of 23.83%. You will have to purchase the TV in full. You will have to repay the sales tax on the TV. O You will have to return the TV, with no refund. How much additional money (in $) does this amount to? (Round your answer to the nearest cent.) $
Jun 11, 2022
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