Rebecca wants to buy a new saddle for her horse. The one she wants usually costs...

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Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $750, but this week it is on sale for $640. She does not have $640, but she could buy it with $60 down and pay the rest in 6 months with 8 percent interest. Does Rebecca save any money buying the saddle this way? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Amount saved Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $750, but this week it is on sale for $640. She does not have $640, but she could buy it with $60 down and pay the rest in 6 months with 8 percent interest. Does Rebecca save any money buying the saddle this way? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Amount saved

Answer rating: 100% (QA)

Amount payable in six months 64060 580 ... View the full answer