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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

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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 terms 15. Net 30 a. If you wanted to pay today, how much would you pay you supplier? $ % (answer in 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). % 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). Maximum marks: 10

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