Katie D.

asked • 08/16/18

# Stefan wants to buy a stereo system that sells for $459.95 including taxes. Which plan should he choose to pay the least amount of money if he makes a down payment of$100 today?

Plan A: financing the remaining amount at 8% per year, simple interest, for two years.
Plan B: financing the remaining amount at 4% per year, simple interest, for 5 years.

## 3 Answers By Expert Tutors

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Lauren H. answered • 08/16/18

Tutor
4.8 (24)

Experienced High School Chemistry Teacher

Carol H. answered • 08/16/18

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4.9 (285)

Experienced Mathematics Tutor w/ Master's Degree in Math

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