The cash price of a food freezer is $699. The installment price for the same freezer includes a down payment of $69.90 plus 12 monthly payments of $58.05. How much money would be saved by purchasing the food freezer for cash?

A (U.S.) business math course typically includes a review of elementary arithmetic, including fractions, decimals, and percentages. Elementary algebra is often included as well, in the context of solving practical business problems.