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L07-2 THE SHE Had made the purchase with her credito the bill in full? 6. Comparing the Cost of Credit during Inflationary Periods. Dorothy lacks

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L07-2 THE SHE Had made the purchase with her credito the bill in full? 6. Comparing the Cost of Credit during Inflationary Periods. Dorothy lacks cash to pay for a $600 dishwasher. She could buy it from the store on credit by making 12 monthly payments of S52.74. The total cost would then be 5632.88. Instead, Dorothy decides to deposit $50 a month in the bank until she has saved enough money to pay cash for the dishwasher. One year later, she has saved $642-5600 in deposits plus interest. When she goes back to the store, she finds the dishwasher now costs $660.lt price has gone up 10 percent. Was postponing her purchase a good trade-off for Dorothy? 7. Comparing Costs of Credit Usine The Coca L07-2

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