Daniel wants to buy a laptop computer, and he has $300 in savings. he can purchase a new computer for $279 or a refurbished [repaired or renovated] computer for $100. what should daniel do next? a. evaluate his decision to buy a computer. b. revise his budget to allow for a new computer. c. obtain a credit card to pay for a refurbished computer .d. review the pros ad cons of the different available computers.

I would say D. Review the pros and cons of the different available computers

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan