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Posted: September 10th, 2021
Finance question, bid only if you are sure within my budget.
Question description
A supplier is offering your firm a cash discount
of 2 percent if purchases are paid for within ten days, otherwise, the bill is
due at the end of sixty days. Would you recommend borrowing from a bank at an
18 percent annual interest rate to take advantage of the cash discount offer?
Explain your answer.
20 hours ago
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