Compare the total cost of ways of paying, or the return on ways of investing
Ava is deciding how to pay for a wedding, priced at $11,290. The options below are compared over the same 25 days
| Option | Terms |
|---|---|
| Upfront fee plus ongoing fees | $65 upfront, plus $23 × 9 |
| Paying cash | No interest: the full amount, straight away |
Use ideal models with no repayments, withdrawals or extra deposits before the end of the common term for any interest-bearing balance. Include only the stated fees. Carry full precision through each calculation, then round each final total to the nearest cent before comparing totals