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Early payment discount versus loan Joane Germano works in an accounts payable department of a mojor retaler, She has attempted to convince her boss to

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Early payment discount versus loan Joane Germano works in an accounts payable department of a mojor retaler, She has attempted to convince her boss to take the discount on the 2/15 net 90 credit terms most suppliers offer, but her boss argues that giving up the 2% discount is less costly than a short-ferm loan at 10%. Prove to whoever is wrong that the ofher is correct (Note: Assume a 365-day year.) The cost of giving up the cash discount is N (Round to two decimul places.) Who is right in this case? (Select the best answer below.) Joanne's boss Joanne

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