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Challenge Problem 1 0 - 3 7 ( Algo ) [ LU 1 0 - 1 ( 2 ) ] Janet Foster bought a computer
Challenge Problem AlgoLU
Janet Foster bought a computer and printer at Computerland. The printer had a $ list price with a $ trade discount and terms. The computer had a $ list price with a trade discount but no cash discount. On the computer, Computerland offered Janet the choice of paying $ per month for months with the th payment paying the remainder of the balance or paying interest for months in equal payments.
a Assume Janet could borrow the money for the printer at to take advantage of the cash discount. How much would Janet save?
Note: Use days a year. Round your answer to the nearest cent.
Janet's savings
b On the computer, what is the difference in the final payment between choices and
Note: Round your answer to the nearest cent.
Difference final payment
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