SOLUTION: Jim Smith has two options in buying a DVD. He could pay cash of $225 or $30 down plus 15 monthly payments of $19. If he pays cash, how much does he save?

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Question 1014330: Jim Smith has two options in buying a DVD. He could pay cash of $225 or $30 down plus 15 monthly payments of $19. If he pays cash, how much does he save?
Answer by crabbyoldgamer(13)   (Show Source): You can put this solution on YOUR website!
If he pays cash he pays $225.


If he pays by the installment plan, he pays $30 + 15*19 = 30 + 285 = $315.


He saves $315 - 225 = $90 by paying cash.

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