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the answers i put were wrong so ignore those please. Janet Foster bought a computer and printer at Computerland. The printer had a $480 list
the answers i put were wrong so ignore those please.
Janet Foster bought a computer and printer at Computerland. The printer had a $480 list price with a $100 trade discount and 2/10, n/30 terms. The computer had a $1,480 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $60 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 9% interest for 18 months in equal payments. a. Assume Janet could borrow the money for the printer at 9% to take advantage of the cash discount. How much would Janet save? (Use 360 days a year. Round your answer to the nearest cent.) Janet's savings $ 5.73 b. On the computer, what is the difference in the final payment between choices 1 and 2? (Round your answer to the nearest cent.) Difference final payment 149.85 Janet Foster bought a computer and printer at Computerland. The printer had a $480 list price with a $100 trade discount and 2/10, n/30 terms. The computer had a $1,480 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $60 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 9% interest for 18 months in equal payments. a. Assume Janet could borrow the money for the printer at 9% to take advantage of the cash discount. How much would Janet save? (Use 360 days a year. Round your answer to the nearest cent.) Janet's savings $ 5.73 b. On the computer, what is the difference in the final payment between choices 1 and 2? (Round your answer to the nearest cent.) Difference final payment 149.85Step by Step Solution
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