eek 3 Homework 3 Tenisha Foy: Attempt 1 Question 8 (2 points) Dorothy lacks cash to pay for a $660 dishwasher. She could buy it from the store on credit by making 12 monthly payments of $60. The total cost would then be $720. Instead, Dorothy decides to deposit $55 a month in the bank until she has saved enough money to pay cash for the dishwasher. One year later, she has saved $706.20-660 in deposits plus interest. When she goes back to the store, she finds the dishwasher now costs $778.80. Its price has gone up 1 8 percent, the current rate of inflation. From the financial standpoint, was postponing her purchase a good trade- off for Dorothy? You may