busn 491 week 5 response 1
January 11, 2021
Discussion 3A
January 11, 2021

Avoiding having to pay interest

IN 100 words or more reply to the statement below about avoiding having to pay interest

  • When I bought new furniture about ten years ago I still did not have an exact understanding about how interest rates worked as well as paying 0% interest up until a certain point. I knew that taking out financing and not having to pay interest was great but I did not understand that if I did not pay off my purchase by the date given that all of the interest that had accrued in the background would then be charged to me. Thankfully it wasn’t a big expensive lesson but it made me feel dumb. I do not think that a lot of people truly realize the whole picture. I saw 0% interest and I knew that it was good but I did not think about the bigger picture that it was up until that certain date that I did not have to pay interest by.

"Get 15% discount on your first 3 orders with us"
Use the following coupon
FIRST15

Order Now
Place Order

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp