Correct! Toyota should borrow

at $7\mathrm{.}5\%$ in order to receive the

$2,950\%$ annualized discount.

Toyota takes an average of $32$

days to pay for average daily

credit purchases of $$668,660.$

Its average daily sales are

$$862,571$ and it collects

accounts in $41$ days.

What is their net credit

position?