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Knapsack Inc. borrows money at 6% interest to pay for a $9,000 order with terms 1/10, n/30 on the last/10th day of the discount period.
Knapsack Inc. borrows money at 6% interest to pay for a $9,000 order with terms 1/10, n/30 on the last/10th day of the discount period. The loan is repaid on the 30th day of the invoice. What is its net savings for these two transactions?
-$60
$45
$60
$90
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