Veronique and Lily each bought a piece of luggage that had the same price in different stores. The table below shows how they will pay for the item. Payment for Purchases Name Payment Type Payment Amount (Including Finance Charges) Number of Months to Pay for Item Veronique Store financed $25 10 Lily Credit card $35 7 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.
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