SOLUTION: # 6. Emily want to purchase a computer that sells for $1250. She can either pay the total amount at the time of purchase, or she can agree to pay the store $115 down and $85 a m

Question 190370: # 6. Emily want to purchase a computer that sells for $1250. She can either pay the total amount at the time of purchase, or she can agree to pay the store $115 down and $85 a month for 15 months. How much money can she save by paying the total amount at the time of purchase?

Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
# 6
Q: Emily want to purchase a computer that sells for $1250. She can either pay the total amount at the time of purchase, or she can agree to pay the store $115 down and $85 a month for 15 months. How much money can she save by paying the total amount at the time of purchase?

A:

If she pays $115 down, then $115 is subtracted from $1250 to get . So she still needs to pay off $1135. Now if she pays $85 a month for 15, then she is paying a total of (just multiply the amount by the time). So at the end of 15 months, she has paid $1275 (ignoring the down payment).

Now just take the difference of the amount that she owes (1135) from the amount she will pay if she finances (1275) to get

So if she decides to finance, she will be paying an extra $140. So she can save $140 if she pays the total amount at the time of purchase.
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