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Course: Financial Literacy?>?Unit 3

Lesson 3: Payment methods

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Different payment methods

Google Classroom

Listed below are four methods of paying for a printer with an initial cost of

$ 82

.

Method	Terms	Total
Cash	None	$$ 82$ ?
Credit card	$22.99 %$ ? APR, $28$ ? days grace period	$$ 82 +$ ? interest
In-store financing	$3$ ? months interest-free	$$ 82$ ?
Layaway	$$ 5$ ? set up fee, equal monthly payments	$$ ?$ ?

What would be the total cost if choosing layaway as a payment method?

Related content

Using cash vs. credit card, and other payment methods

Comparing payment methods

Video 4 minutes 47 seconds

Scenario: comparing payment methods