Intro to finance

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Due on 06 Mar, 2018 12:00:00
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Chapter 16

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 60 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 .

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[Solved] Chapter 16 Question 2

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Submitted On 06 Mar, 2018 08:09:02

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Solution- Nominal Annual Rate (Cost) = % Discount/ (100% - % Discount) X 365 Days/ (Credit Period– Discount Days) Nominal Annual Rate (Cost)...

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INTRO TO FINANCE

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igwt25

Intro to finance

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