Credit Card Payments

While this post does not relate to anything from my classroom, it seems like there is a lesson in consumer mathematics involved!

I received a bill for some of the things I purchased when I moved to my new apartment.  The following table was included with the statement:

It seems they fail to mention that you can "save" more than $700 by paying the bill in full.  But who, in their right mind, would spend 20 years paying for some household items that won't even be useable in 20 years?!