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April 19, 2014

Homework Help: Consumer Math

Posted by Jake on Wednesday, December 1, 2010 at 4:02am.

1. You are debating about whether to buy a new computer for $800.00 or a refurbished computer with the same equipment for $640.00. If a savings account earns 4.5% APR interest, how much do you really save with a refurbished computer if you put the difference into the savings account for a year? (and what are the steps to finding the answer?)


2. You are still debating about the two different computers. If you are paid $10.00/hour and your deductions are FICA (7.65%), federal tax withholding (12%), and state tax withholding (8%), how many hours do you have to work to pay for the new computer? (Include steps)

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