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Gary C'Toole is a new accountant with Blue Spruce Company. Blue Spruce purchased merchandise on account for $ 5 7 , 6 0 0 .

Gary C'Toole is a new accountant with Blue Spruce Company. Blue Spruce purchased merchandise on account for $57,600. The credit
terms are 210,n30. Gary has talked with the company's banker and knows that he could earn 5% on any money invested in the
company's money market account.
(a)
Should Gary pay the invoice within the discount period or should he keep the $57,600 in the money market for 20 days
and pay at the end of the credit period? (Use 360 days in a year.)
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