SOLUTION: A refrigerator can be purchased for $400 cash, or 25% down with 12 monthly installments of $30. how much is saved by paying cash?

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Question 590381: A refrigerator can be purchased for $400 cash, or 25% down with 12 monthly installments of $30. how much is saved by paying cash?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
The down payment is
+.25%2A400+=+100+
+12%2A30+=+360+
+100+%2B+360+=+460+
and
+460+-+400+=+60+
$60 is saved by paying cash