Early payment discount versus loan Joanne Germano works in an accounts payable department of a major retailer. She has attempted to convince her boss to take the discount on the 1/15 net 60 credit terms most suppliers offer, but her boss argues that giving up the 1% discount is less costly than a short-term loan at 9% Prove to whoever is wrong that the other is correct (Note: Assume a 365-day year) The cast of giving up the cash discount is 0% (Round to two decimal places) Enter your answer in the laswer box and then click Check Answer. 1 part remaining Clear All Check