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

Rebecca wants to buy a new saddle for her horse. The one she wants usually costs $700, but this week it is on sale for $600. She does not have $600, but she could buy it with $40 down and pay the rest in 6 months with 10 percent interest. Does Rebecca save any money buying the saddle this way? (Do not round intermediate calculations. Round your answer to 2 decimal places.) what is the Amount saved?

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