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please complete the rest of the questions. alternative A is complete at 24.35% eni mer Hand-to-Mouth (H2M) is currently cash-constrained, and must make a decision

please complete the rest of the questions. alternative A is complete at 24.35% image text in transcribed
eni mer Hand-to-Mouth (H2M) is currently cash-constrained, and must make a decision about whether to delay paying one of its suppliers, or take out a loan. They owe the supplier $10,500 with terms of 1.8/10 Net 40, so the supplier will give them a 1.8% discount if they pay by today (when the discount period expires). Alternatively, they can pay the full $10,500 in one month when the invoice is due. H2M is considering three options: Alternative A: Forgo the discount on its trade credit agreement, wait and pay the full $10,500 in one month, Alternative B: Borrow the money needed to pay its supplier today from Bank A, which has offered a one-month loan at an APR of 11.8%. The bank will require a men (no-interest) compensating balance of 5% of the face value of the loan and will charge a $95 loan origination fee. Because H2M has no cash, it will need to borrow the funds to cover these additional amounts as well. Alternative C: Borrow the money needed to pay its supplier today from Bank B, which has offered a one-month loan at an APR of 15.3%. The loan has a 1.4% loan Qul origination too, which again H2M will need to borrow to cover. Alternative A: The effective annuai cont in 24,35 % (Round to two decimal places) Alternative : am The elective annual rate (Round to two decimal places.) Enter your answer in the arawer box and then click Check Answer parts remaining Clear All Final GMOR

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