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Macy's Financial Analysis

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Macy’s often has a furniture sale around any holiday. In July, 2013, I purchased a leather sectional from Macy’s for around $5000.00. The promotion was no money down, zero interest for three years. At the time, I did not have a balance on my revolving account (department store). However, during the course of this purchase, I eventually made purchases in the department store and based off my past experience; however, Macy misapplied my payments. They split the payments and applied the payment to both accounts. The payments range from $200-$250 a month with a plan to pay off the before any interest kicks in.

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