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How much money will you have saved on september

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Question - The home depot is clearing out lawn mowers for $399.75 in an end of a season sale that ends on September 30. Alternatively you can wait until April 1 assume February is in a non-leap year and pay $419.95 on the same lawn mower. Assume your money can earn simple interest of 4.72% on a short term investment.

a. Which option should you choose?

b. How much money will you have saved on September 30 by making that choice?

Reference no: EM132480546

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