Think about this situation: you've been saving ten dollars a month for something you really want, and you now have $30. It's now on sale for $100. You ask your grandparents to lend you $70 so you can buy it. You tell them that you'll pay $10 each month. They say that they'll lend you the money, but your repayment must include interest. You will need to repay them $77. Would you take the loan? Discuss at least two reasons for your decision. << Read Less
In my opinion it depends what is on sale if its like say a new headset i wouldn't do it because i dont like taking loans but if it was something that i really needed i would take the loan because $77 is only $7 more than it costs so i think it is fair
