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Dorothy lacks cash to pay for a $ 8 4 0 . 0 0 dishwasher. She could buy it from the store on credit by

Dorothy lacks cash to pay for a $840.00 dishwasher. She could buy it from the store on credit by making 12 monthly
payments of $71.52. The total cost would then be $858.24. Instead, Dorothy decides to deposit $70.00 a month in the bank
until she has saved enough money to pay cash for the dishwasher. One year later,'she has saved $882.00-$840.00 in
deposits plus interest. When she goes back to the store, she finds the dishwasher now costs $886.20. Its price has gone up
5.50 percent.
Was postponing her purchase a good trade-off for Dorothy?
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