Saturday
March 28, 2015

Homework Help: math

Posted by jessica on Sunday, January 13, 2013 at 1:55pm.

Zaineb is deciding whether to buy a stereo at $695 plus GST and PST now, or to invest the money to buy the stereo in a year. Her account pays 7.35% per annum, compounded monthly. If she can buy the stereo at the same price next year, how much would she save by the investing money?

the answer is $60.76, but I don't know ho they get it.. can someone explain to me..

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

math - Jim wants to deposit money in an account to save for a new stereo system ...
math - Jim wants to deposit money in an account to save for a new stereo system ...
algebra 2 - Miguel wants to buy a new stereo that costs $320. He has $40 in ...
Math - A woman has a total of $10,000 to invest. She invests part of the money ...
math - A woman has a total of $9,000 to invest. She invests part of the money in...
math - ...A woman has a total of $9,000 to invest. She invests part of the ...
Math - A woman has a total of $9000 to invest. She invests part of the money in ...
intermediate algebra - A woman has a total of $9,000 to invest. She invests part...
sdsu - Madalyn wants to buy a 400 dollars stereo set in 9 months. How much ...
business math - Stereo Inc. sells a stereo system for $300 down and monthly ...

Members