When Making a Purchase,it Is Least Costly to

question 22

Multiple Choice

When making a purchase,it is least costly to

• A) pay cash.
• B) put it on a credit card and pay off the balance plus interest in one year.
• C) put it on a credit card and pay off the balance at the end of the month before interest accrues.
• D) it doesn't matter because all three have the same present value.