Relationship between the down payment and weekly payments

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Reference no: EM133990656

Assignment:

Alani wants to buy a $360 bicycle. She is considering two payment options. The image shows Option A, which consists of making an initial down payment then smaller, equal-sized weekly payments. Option B consists of making 6 equal payments over 6 weeks.

A. What factors should Alani take into consideration before deciding between Option A and Option B?

B. Communicate Precisely Suppose Alani could modify Option A and still pay off the bike in 5 weeks. Describe the relationship between the down payment and the weekly payments.

Reference no: EM133990656

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