Nokea
A man decided to buy new furniture from Futuristic Furniture for $2,600. Futuristic Furniture gave the man two choices: pay the entire amount in one payment with cash, or pay $1,000 as a down payment and $120 per month for two full years in the financing plan. If the man chooses the financing plan, how much more would he pay?
Correct Answer: B
Rationale: To calculate the total cost with the financing plan, multiply $120 by 24 months to get $2,880. Adding the $1,000 down payment gives a total of $3,880. By comparing this total with the initial cost of $2,600 when paying in cash, the man would pay $1,280 more with the financing plan. Choice A, $1,480 more, is incorrect because it miscalculates the additional amount. Choice C, $1,600 more, is incorrect as it overestimates the extra cost. Choice D, $2,480 more, is incorrect as it significantly overstates the additional payment.