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Mathematics, 30.03.2021 14:00, stephesquilin
Janet Foster bought a computer and printer at Computerland. The printer had a $880 list price with a $100 trade discount and 2/10, n/30 terms. The computer had a $4,000 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $155 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 7% interest for 18 months in equal payments. a. Assume Janet could borrow the money for the printer at 7% to take advantage of the cash discount. How much would Janet save? (Use 360 days a year. Round your answer to the nearest cent.)
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Answers: 2
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Janet Foster bought a computer and printer at Computerland. The printer had a $880 list price with a...
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