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?

Question

ash2326 · Answer

Money saved when you buy a refurbished computer
$$800-640=160$$
This will earn interest of 4.5% APR

anonymous · Answer

so it would be 7.2?

ash2326 · Answer

Do you get this?

ash2326 · Answer

yes it'd be 7.2, totally he would save 167.2