The Home Depot is clearing out lawn mowers for $399.75 in an end-of-season sale that...
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The Home Depot is clearing out lawn mowers for $399.75 in an end-of-season sale that ends on September 30. Alternatively, you could wait until April 1 (assume February is in a nonleap 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?
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