Dorothy lacks cash to pay for a $720.00 dishwasher. She could buy it from the store on credit by making 12 monthly payments of $60.75. The total cost would then be $729.00. Instead, Dorothy decides to deposit $60.00 a month in the bank until she has saved enough money to pay cash for the dishwasher. One year later, she has saved $770.40$720.00 in deposits plus interest. When she goes back to the store, she finds the dishwasher now costs $771.84. Its price has gone up 7.20 percent. Was postponing her purchase a good trade-off for Dorothy