Who made the better financial decision and why?
Veronique because her payments are lower.
Veronique because her final cost, including finance charges, is less than Lily’s.
Lily because she is paying off her purchase sooner.
Lily because her final cost, including finance charges, is less than Veronique’s.
Paying off her purchase sooner is better because if you dont have the money when it hits the deadline you will loose credit score and your monthly payment will be higher.