' n Janet Foster bought a computer and printer at Computerland. The printer had a $600...

 

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' n Janet Foster bought a computer and printer at Computerland. The printer had a $600 list price with a $100 trade discount and 10 30 terms. The computer had a $1,600 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $50 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 8% interest for 18 months in equal payments. a. Assume Janet could borrow the money for the printer at 8% 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. Answer is complete but not entirely correct. Janet's savings $ 113.33 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. Answer is complete but not entirely correct. Difference final payment $ 267.70 ' n Janet Foster bought a computer and printer at Computerland. The printer had a $600 list price with a $100 trade discount and 10 30 terms. The computer had a $1,600 list price with a 25% trade discount but no cash discount. On the computer, Computerland offered Janet the choice of (1) paying $50 per month for 17 months with the 18th payment paying the remainder of the balance or (2) paying 8% interest for 18 months in equal payments. a. Assume Janet could borrow the money for the printer at 8% 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. Answer is complete but not entirely correct. Janet's savings $ 113.33 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. Answer is complete but not entirely correct. Difference final payment $ 267.70

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a To find out how much Janet would save by borrowing money at 8 to take advantage of the cash discou... View the full answer