Question

Consumers who agree to a "no interest” installment plan should be aware of


how much is saved by avoiding cash.

the terms outlined in the paperwork.

sales that would lower prices.

interest rates other consumers pay.

Answer 1

Consumers who agree to no interest financing should pay attention to the terms outlined in the paperwork. Many of these loans stipulate that if you are late on a payment, you will then pay a high interest rate, retroactive to the beginning of the loan.

You need to know what you are getting in to.

Answer 2

The answer is B. The terms outlined in paperwork

Explanation: