17.4 Paying Bills

Jen wants to buy a camera. Which method will let her buy now and pay later?

• check

• cash

• credit card

• money transfer

Antoine owes $684. He can make six monthly automatic payments with a $2.50 fee for each payment, or he can pay using a credit card. If he uses his credit card, he will pay $30 in interest. How much money does he save by using automatic payments?

• $15

• $114

• $116.50

• $16

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Multi-Step

Lester buys a sofa for $560. He pays $200 first and pays the rest over 6 months using automatic payments. How much will he pay each month?

• $360

• $60

• $93.33

• $126.67

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Which of the following is an advantage of using a check to pay bills?

• You can buy now and pay later.

• The money is transferred immediately.

• You can pay using money in your account.

• You may have to pay interest on the amount.

Angelina made a chart to compare the cost of buying a game console using different payment methods.

The total cost of buying a game console at Ed’s Discount Store is _________________.

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Angelina made a chart to compare the cost of buying a game console using different payment methods.

The total cost of buying a game console online using automatic payments: _____ x (________+________) =

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Angelina made a chart to compare the cost of buying a game console using different payment methods.

The total cost of buying a game console using a credit card:

__________+___________=_________

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Jada researches various methods of payment to buy a video game. If Jada pays $0.03 in interest for every dollar on her credit card, which method will be the least expensive? Which method is the most expensive?

• least expensive: automatic payments at games.com for $5

• most expensive: automatic payments at games.com for $5

• least expensive: cash at Paula’s Game Store for $49;

• most expensive: cash at Paula’s Game Store for $49;

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Oliver pays $0.05 interest for every $1 he spends using his credit card. Find the total cost of a $300 tablet computer.

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Which of the following is NOT an advantage of using a debit card as your payment method?

• You can buy now and pay later.

• A personal identification number helps keep your account safe.

• It is convenient to carry around.

• You are less likely to overspend.