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Rebecca wants to buy a new saddle for her horse. The one she wants usually...

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Accounting

Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $ 550, but this week it is on sale for $450She does not have $450, but she could buy it with $50 down and pay the rest in 6 months with 9 percent interest. Does Rebecca save any money buying the saddle this way ? (Do not round Intermediate calculations. Round your answer to 2 decimal places.)

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