FINANCE Yetunde is purchasing a refrigerator, which costs $950. The store has a finance option: pay 10% now, and pay the remaining balance
in one year, with a 5% annual simple interest rate applied to the remaining balance.
How much will she pay up front if she uses the finance option? $
How much interest will she pay at the end of one year? $
What is the total cost of the refrigerator after using the one-year finance option? $
What is the total cost of the refrigerator if she pays the balance and interest at 6 months? $
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