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16 June, 00:56

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?

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  1. 16 June, 01:04
    0
    The difference

    800-640

    =160

    160 * (1+0.045)

    =167.2
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