Read the fine print: On approved XYZ credit card purchases—based on your creditworthiness, other terms may apply. $2,399 minimum purchase required for this offer. Other finance offers available with lower minimum payment requirements. The purchase amount is divided into equal monthly payments for the promotional period. An additional $37.50 will be added to the following month’s payment even when payment is received after the due date. No finance charges for 24 months. 23.9% standard rate, APR. The promotion is cancelled for accounts not current, and the default rate of 25.9% and regular minimum monthly payments apply. Minimum finance charge $2. Certain rules apply to the allocation of payments and finance charges on your promotional purchase if you make more than one purchase on your XYZ credit card. Call 1-555-123-4567 or review your cardholder agreement for information. Sale items and clearance items excluded. Offer does not apply to previous purchases and cannot be combined with other discounts. 1. Kelsey and Cody want new living room furniture and see a flyer in Sunday’s newspaper for XYZ offering free money for 24 months (or so they think). At the store, they pick out a leather sofa and two ottomans. The sofa is $1,499 and each ottoman is $299. Are they eligible for the promotion? Why or why not? 2. In addition to the three-piece sofa set above, Kelsey and Cody also purchase a $249 coffee table and $199 end table. What is the total amount financed, including $153 for tax and $75 for delivery?