page c Buy Lo Stores purchases its inventory from its suppliers on terms of 2/10 net 30. As it needs cash to pay off a loan that is coming due it decides not take the discount and delay payment until the 17th day. What would be the EFFECTIVE rate it pays by delaying its payment? Enter only numbers and decimal (do not use % sign) BMI Ltd. had arranged with the bank for a month line of credit of $200,000 at prime plus 2% Prime rate is 4% The bank charges 05% commitment fee on any unused balance BMI Ltd. ended up using only $160,000 for 4 months Calculate the total cost of financing for the Line of Credit below: a On the BMI Line of Credit: what is the total interest charged: $ b. On the BMI Line of Credit: what is the total commitment fee charged 5