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.-- AD ATTACHED--A] If you purchased the TV on August 22 of this year and the billing date of the installment loan is the 15th of each month, when would your first payment be due?July of next yearAugust of next year September of next yearJuly of this yearSeptember of this yearB] What is the required amount of that payment (in $)? $ C] What happens if the payment from part (b) is late, by less than 30 days, or less than required?You will be charged an interest of 23.75%.You will have to purchase the TV in full. You will be charged an interest of 21.73%.You will have to repay the sales tax on the TV.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?You will be charged an interest of 23.75%.You will have to purchase the TV in full. You will be charged an interest of 21.73%.You will have to repay the sales tax on the TV.You will have to return the TV, with no refund.How much additional money (in $) does this amount to? (Round your answer to the nearest cent.)$ E] What are some of the advantages of this offer? (Select all that apply.)a) There is a discout on the TV price.b) If payments are late by more than 30 days, the APR on the balances increases.c) There is nothing to pay at the time of purchase.d) There are no monthly payments on the TV, if paid in full by the payment due date.e) The finance charges for late or incomplete payments are high.f) There are no finance charges, if paid in full by the payment due date.What are some of the disadvantages of this offer? (Select all that apply.)a) There is a discout on the TV price.b) If payments are late by more than 30 days, the APR on the balances increases.c) There is nothing to pay at the time of purchase.d) There are no monthly payments on the TV, if paid in full by the payment due date.e) The finance charges for late or incomplete payments are high.f) There are no finance charges, if paid in full by the payment due date. Electronic BoutiqueNO INTEREST &*NO PAYMENTSFOR 12 MONTHSon all 3-D TVs*Offer is subject to credit approval. No finance charges assessedand no monthly payment required on the promotional purchase ifyou pay this amount in full by the payment due date as shown onthe twelfth (12th) billing statement after purchase date. If you donot, finance charges will be assessed on the promotional purchaseamount from the purchase date and minimum monthly paymentwill be required on balance of amount. Standard account termsapply to non-promotional balances and, after the promotion ends,to promotional purchases. APR = 21.73%. APR of 23.75%applies if payment is more than 30 days late. Sales tax will be paidat the time of purchase.$3,999 Optimax Plus1080p true HD resolution for better picture quality.120Hz refresh rate, dual core processor, contentsharing and screen mirroring, Smart TV featureslet you interact and stream content from the web.Supports apps.

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.-- AD ATTACHED--A] If you purchased the TV on August 22 of this year and the billing date of the installment loan is the 15th of each month, when would your first payment be due?July of next yearAugust of next year    September of next yearJuly of this yearSeptember of this yearB] What is the required amount of that payment (in $)? $ C] What happens if the payment from part (b) is late, by less than 30 days, or less than required?You will be charged an interest of 23.75%.You will have to purchase the TV in full.    You will be charged an interest of 21.73%.You will have to repay the sales tax on the TV.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?You will be charged an interest of 23.75%.You will have to purchase the TV in full.    You will be charged an interest of 21.73%.You will have to repay the sales tax on the TV.You will have to return the TV, with no refund.How much additional money (in $) does this amount to? (Round your answer to the nearest cent.)$ E] What are some of the advantages of this offer? (Select all that apply.)a) There is a discout on the TV price.b) If payments are late by more than 30 days, the APR on the balances increases.c) There is nothing to pay at the time of purchase.d) There are no monthly payments on the TV, if paid in full by the payment due date.e) The finance charges for late or incomplete payments are high.f) There are no finance charges, if paid in full by the payment due date.What are some of the disadvantages of this offer? (Select all that apply.)a) There is a discout on the TV price.b) If payments are late by more than 30 days, the APR on the balances increases.c) There is nothing to pay at the time of purchase.d) There are no monthly payments on the TV, if paid in full by the payment due date.e) The finance charges for late or incomplete payments are high.f) There are no finance charges, if paid in full by the payment due date. Electronic BoutiqueNO INTEREST &*NO PAYMENTSFOR 12 MONTHSon all 3-D TVs*Offer is subject to credit approval. No finance charges assessedand no monthly payment required on the promotional purchase ifyou pay this amount in full by the payment due date as shown onthe twelfth (12th) billing statement after purchase date. If you donot, finance charges will be assessed on the promotional purchaseamount from the purchase date and minimum monthly paymentwill be required on balance of amount. Standard account termsapply to non-promotional balances and, after the promotion ends,to promotional purchases. APR = 21.73%. APR of 23.75%applies if payment is more than 30 days late. Sales tax will be paidat the time of purchase.$3,999 Optimax Plus1080p true HD resolution for better picture quality.120Hz refresh rate, dual core processor, contentsharing and screen mirroring, Smart TV featureslet you interact and stream content from the web.Supports apps.

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