Question

Jackson wants to purchase a home theater system that sells for $2500. Either he can pay the total amount at the time of purchase or he can agree to pay $250 down and $130 a month for 18 months. How much money can he save by paying the total amount at the time of purchase?

Answer 1

Answer:

$90

Step-by-step explanation:

To find out how much money he can save by paying the total amount at the time of purchase, first you have to determine the total amount that Jackson would pay if he can agree to pay $250 down and $130 a month for 18 months:

$250+(130*18)=$2590

Then, you need to find the difference:

$2590-$2500=$90

According to this, the answer is that you will save $90 by paying the total amount at the time of purchase.