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.)

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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