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 you put the difference into the savings account for a year?

  1. 👍
  2. 👎
  3. 👁
  1. Do your own test!

    1. 👍
    2. 👎
  2. $800 - $640 = $160
    So you invest $160 for one year and get 4.5 % interest on it.
    $160 * 1.045 = $167.20 in the bank after one years interst is added.

    1. 👍
    2. 👎
  3. What is the difference in the account balances shown below?

    Behrooz: (-$21.00)
    Cody: $3.00

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. statistics

    A survey for brand recognition is done and it is determined that 68% of consumers have heard of Dull Computer Company. If a survey of 800 randomly selected consumers is to be held would it be unusual for 554 of them to recognize

  2. Ed Tech plz helppppp

    What does it mean to troubleshoot your computer? identify problems with your computer and attempt to fix them*** to open your computer to see what's missing from the hard drive to switch the mouse and keyboard plugs to download

  3. Ed tech

    what is the most important reason to create a backup of your files somewhere other than your computer? a) to access them on another device b) because your computer may be damaged and you risk losing or not being able to access the

  4. math

    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

  1. algebra

    You decide to market your own custom computer software. You must invest $3,255 for computer hardware, and spend $2.90 to buy and package each disk. If each program sells for $13.75, how many copies must you sell to break even?

  2. math

    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

  3. Statistics

    Computer Depot is a large store that sells and repairs computers. A random sample of 110 computer repair jobs took technicians an average of 93.2 minutes per computer. Assume that o is known to be 16.9 minutes. Find a 99%

  4. Technology

    1. What is the term for the various items that you save on your computer, such as documents, spreadsheets, images, or videos? A.extensions B.files (my answer) C.folders D.conventions 2. What does a file extension tell you? A. what

  1. Barber Scotia

    your planning to buy a new computer monitor and printer for your office. you received the following prices: Store 1; Computer 2500 monitor 595 printer 398 Store 2 computer 2350 monitor 435 printer 349 find the total package price

  2. statistics

    A survey for brand recognition is done and it is determined that 68% of consumers have heard of Dull Computer Company. A survey of 800 randomly selected consumers is to be conducted. For such groups of 800, would it be significant

  3. Educational Technology

    1. Why is it illegal to download music from many P2P networks? A.P2P networks are illegal B.The artist usually has not given perimiission for this download•• C.You may spread computer viruses D.Spyware will be put on your

  4. probability

    out of 250 students interviewed at a community college, 90 were taking mathematics but not computer science, 160 were taking mathematics, and 50 were taking neither mathematics nor computer science. Find the probability that a

You can view more similar questions or ask a new question.