ne that you are a 25-year old finance professional. You wanted to buy the latest model of your favorite laptop brand. You intend for it to used for your passion project which is video-editing. In the past, you have been engaged by your friends to be their videographer and you received some compensation for it. Thinking that this might be a beginning of a new income source, you wanted to invest in a laptop to begin your project. You can either use your credit card to buy it now or you can wait for 18 months to save for it and purchase in cash. Will you buy the laptop now using your credit card or will you wait for the next 18 months to purchase it in cash? Why would you choose such decision? Answer this thoroughly

ne that you are a 25-year old finance professional. You wanted to buy the latest model of your favorite laptop brand. You intend for it to used for your passion project which is video-editing. In the past, you have been engaged by your friends to be their videographer and you received some compensation for it. Thinking that this might be a beginning of a new income source, you wanted to invest in a laptop to begin your project. You can either use your credit card to buy it now or you can wait for 18 months to save for it and purchase in cash. Will you buy the laptop now using your credit card or will you wait for the next 18 months to purchase it in cash? Why would you choose such decision? Answer this thoroughly

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter2: Developing The Business Idea

Section: Chapter Questions

Problem 6EP

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