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Chris Angle can borrow from its bank at 1 4 percent to take a cash discount. The terms of the cash discount are 2 .
Chris Angle can borrow from its bank at percent to take a cash discount. The terms of the cash discount are net
a Compute the cost of not taking the cash discount. Use days in a year. Round intermediate calculations to decimal places. Round the final answer to decimal places.
Cost of not taking a cash discount
b Should Chris borrow the funds?
multiple choice
No
Yes
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