Question: Challenge Problem 1 0 - 3 7 ( Algo ) [ LU 1 0 - 1 ( 2 ) ] Janet Foster bought a computer

Challenge Problem 10-37(Algo)[LU 10-1(2)]
Janet Foster bought a computer and printer at Computerland. The printer had a $560 list price with a $100 trade discount and 210,n30 terms. The computer had a $2,080 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $80 per month for 17 months with the 18 th payment paying the remainder of the balance or (2) paying 6% interest for 18 months in equal payments.
a. Assume Janet could borrow the money for the printer at 6% to take advantage of the cash discount. How much would Janet save?
Note: Use 360 days a year. Round your answer to the nearest cent.
Janet's savings
b. On the computer, what is the difference in the final payment between choices 1 and 2?
Note: Round your answer to the nearest cent.
Difference final payment
 Challenge Problem 10-37(Algo)[LU 10-1(2)] Janet Foster bought a computer and printer

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