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You are debating about whether to buy a new computer for $800.00 or a refurbished computer with the same equipment for $640.00

1. 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? (and what are the steps to finding the answer?)


2. You are still debating about the two different computers. If you are paid $10.00/hour and your deductions are FICA (7.65%), federal tax withholding (12%), and state tax withholding (8%), how many hours do you have to work to pay for the new computer? (Include steps)
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Answer #1
Jake... Call your teacher
answered by: elisa
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Answer #2
Please note that we don't do students' homework for them. Be sure to go back into your textbook or use a good search engine. http://hanlib.sou.edu/searchtools/

http://www.aaaknow.com/mny.htm

Once YOU have come up with attempted answers to YOUR questions, please re-post and let us know what you think. Then someone here will be happy to comment on your thinking.
answered by: anem
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