You have purchased $10,000 worth of goods. The dealer is giving you terms of 2/10 ,n30. You were billed on july 7th.
A. What is the last date the payment can reach the dealer with out being delinquent?
B. What is the last date that you are eligible for the discount?
C.If the discount is taken, how much will be paid to the dealer?
D. if you go to the bank on the 10 to borrow the amount needed to pay the dealer at 8.5% intrest, how much will you owe?(principal and intrest)
E. How much did you save by borrowing money to take advantage of the cash discount?
2006-11-23
03:15:09
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2 answers
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asked by
ourdoorsangler
1
in
Mathematics