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 *Ofer 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 (12dh) billing staterment 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 bulance of amount. Standard account terms $3.999 optiman Pa apply to non-promotional balances and, after the promotion ends, to promotional purchases APR- 23.83%. APR of 25.65% 160p true HD reolution for better picture quality. 120e etresh rate, dual core processor, content sharing and screen nirering Smart TV featurm let you interact and stram content from the weh Supports apps applies if payment is more than 30 days late. Sales tax will be paid at the time of purchase.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
icon
Related questions
Topic Video
Question
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 (12dh) 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 Optimas Phas
to promotional purchases APR- 23.83%. APR of 25.65%
1680p true HD resolution for better picture quality
120r 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.
(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%.
O You will be charged an interest of 23.83%.
O 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.)
Transcribed Image 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 (12dh) 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 Optimas Phas to promotional purchases APR- 23.83%. APR of 25.65% 1680p true HD resolution for better picture quality 120r 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. (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%. O You will be charged an interest of 23.83%. O 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.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Algebraic Operations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College