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3 CF 1 - 10p Question You have just purchased equipment for your company for $20 000 from your supplier, you were offered the credit
3 CF 1 - 10p Question You have just purchased equipment for your company for $20 000 from your supplier, you were offered the credit terms 1/5, Net 30 a. If you wanted to pay today, how much would you pay you supplier? $ b. What is the effective annual rate of the trade credit if you choose to pay on day 30? percentage form, for example 3.54%, not 0.0354). % (answer in C. What is the effective annual rate of the trade credit if you instead choose to pay on day 45? (answer in percentage form, for example 3.54%, not 0.0354). % Totalpong: 10
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