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