installment loan\n• borrow $1,000 with an unsecured installment loan\n• repay loan over 3 years\n• use saved…

installment loan\n• borrow $1,000 with an unsecured installment loan\n• repay loan over 3 years\n• use saved money\n• monthly payment: about $32\nprincipal $1,000\ntotal interest (estimate) $ 136\nuse saved money $1,500\ntotal $2,636\nwhich option would not help rebecca get the furniture as soon as possible?\na) installment loan\nb) layaway plan\nc) credit card\nd) rent - to - own

installment loan\n• borrow $1,000 with an unsecured installment loan\n• repay loan over 3 years\n• use saved money\n• monthly payment: about $32\nprincipal $1,000\ntotal interest (estimate) $ 136\nuse saved money $1,500\ntotal $2,636\nwhich option would not help rebecca get the furniture as soon as possible?\na) installment loan\nb) layaway plan\nc) credit card\nd) rent - to - own

Answer

Brief Explanations:

A lay - away plan requires the customer to make payments over time until the full amount is paid before taking possession of the item. In contrast, an installment loan, credit card, and rent - to - own allow for immediate acquisition of the furniture while paying over time.

Answer:

B. Layaway plan