math

posted by .

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)

  • math -

    4545.22

  • math -

    89

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    I keep getting an answer with an exponent and i am not sure what i have done wrong here. Any help is appreciated. To save for his retirement, Jeff puts $800 per month into his savings account every month for 30 years. The savings account …
  2. Finance

    Sauerfood company has decided to buy a new computer system with an expected life of 3 yrs. the cost is 150,000.the comapny can borrow $150,000 for 3yrs at 10% annual interest or for one yr at 8% annual interest. How much wld sauer …
  3. 6 grade algebra

    cindy earns 6% simple interest each year on her savings account. if she has $850 in her account and leaves the money in there for 5 years. how much interest will the money earn?
  4. consumer math

    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 …
  5. consumer math

    You owe $1,350.00 on a credit card with a 14.25% APR. You pay $300.00 at the beginning of the month. How much interest do you save by paying at the beginning of the month versus at the end of the month?
  6. Finance

    You are 45 years of age and your asporation is to retire in 17 years at age 62. Assume you are about to set up a new retirement savings account at a 4% annual interest rate (APR). Based on how you want to live in retirement, and any …
  7. math

    Ivan is saving money to buy a computer with. He started with $225 in his savings account and the first week he added $75, the second week he added $200, the third week he unfortunately had to take out $50 and the fourth week he added …
  8. Algebra

    Janine has two savings accounts totaling $6,500. One account earns annual interest and the other earns . If her total interest for the year is $211, then how much is in each account?
  9. comsumer math

    9. Your fixed expenses are $1,151.65/month. You saved 4 months' worth in an emergency fund, investing 25% in a savings account at a 3.3% APR and the rest in a 60­day CD at a 4.3% APR. How much total interest accrues over 60 days?
  10. Math

    A bank advertises a savings account that earns 3% APR compounded daily. What is the "n" become for the compound interest formula?

More Similar Questions