I received a bill from the Lawn Doctor for my 2023 lawn service. The bill was for
Fantastic news! We've Found the answer you've been seeking!
Question:
I received a bill from the Lawn Doctor for my 2023 lawn service. The bill was for a total of $395 for the whole year. Instead of making 5 payments over the course of the year, they are offering a discount of $20 if I make the payment by 3/1/2024 (so a total cost of $375 ).
If I don't choose the one-payment option, assume the 5 payments of $79 would be on March 1, May 1, July 1, Sept 1 and Nov 1. Is it better for me to make the one time payment of $375 or make the 5 payments of $79 over the course of the year. What factors will influence my decision?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date: