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Connie is a purchasing assistant for Sabre Manufacturing. She has received quotes from two different suppliers for a shipment of aluminum. Supplier A's quote is
Connie is a purchasing assistant for Sabre Manufacturing. She has received quotes from two different suppliers for a shipment of aluminum. Supplier A's quote is for $68,808.55 with full payment due in 90 days. Supplier B will offer the same product, but requires full payment in 15 days. If all other terms are the same, below what price would Supplier B's quote need to be in order for it to be selected if Sabre pays an interest rate of 8.25% on its line of credit with the bank? (Use 365 days year on the chart called 'The serial numbers for each day of the year.' Round your answer to 2 decimal places.)
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