Please help. University tuition and fees can be paid by using one of two plans. Early-bird: Pay total amount due 1 year in advance and get a 10% discount. On-time: Pay total amount due when classes start. The cost of tuition and fees is $10,000 per year. (a.) How much is paid in the early-bird plan? Answer: $9000 (b.) What is the equivalent amount of the savings compared to the on-time payment at the time that the on-time payment is made? Answer: ??? Please help with part (b.), thanks.

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Please help. University tuition and fees can be paid by using one of two plans. Early-bird: Pay total amount due 1 year in advance and get a 10% discount. On-time: Pay total amount due when classes start. The cost of tuition and fees is $10,000 per year. (a.) How much is paid in the early-bird plan? Answer: $9000 (b.) What is the equivalent amount of the savings compared to the on-time payment at the time that the on-time payment is made? Answer: ??? Please help with part (b.), thanks.

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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Ok, I think it means the early-bird has to pay another 9000 by the time the on-time starts paying...
Or maybe it just wants you to say 1000.
This is the answer: (b) Equivalent future amount = 9000(1 + 0.10) = $9900 Savings = 10,000 – 9900 = $100

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I don't understand it.
I'm so sorry I don't know either...:,(
bump the question up.

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