The advertisement for The Electronic Boutique shown below appeared in your local newspaper this morning. Answer the questions that follow based on the information in the ad.
a. If you purchased the TV on January 24th of this year and the billing date of the installment loan is the 15th of each month, when would your first payment be due?
b. What is the required amount of that payment?
c. If that payment is late or less than required, what happens and how much does that amount to?
d. If that payment is more than 30 days late, what happens and how much does that amount to? e. Explain the advantages and disadvantages of this offer.
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