Which financing option has the highest overall costs? rent to own credit card installment cash

Answer

Rent to own

Explanation

Financing is the process or the action of providing funds interm of cash activities like business or when purchasing an item or a property. This can be done in different ways which includes  through getting loan from the financial institutions. There are different financing options which include installments, cash payment, credit cards rent to pay among others. Rent to pay has the highest overall cost. This is where the seller gives the tenant the right to buy the house at some point in the future. by this opportunity the seller and the tenant have an agreement on the duration and the mode of payment.

The correct answer is A) rent to own.

The financing option that has the highest overall cost is rent to own.

When buying a house is not a possibility for people, they can rent a house with an option to buy it. A rent to own agreement allows people to rent a house for a period of time and gives them the possibility to buy the house at the end of the lease. But you have to be careful because it is a financing option that has the highest overall cost.

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