Question 2 5 pts You need to transfer $100.000 from Greensboro to Chicago. If you mail a check, it will cost $2.00 for postage and clearing the check, and it will take a total of three days for the funds to be transferred. During the float period, you will suffer an opportunity cost, because the $250,000 is not earning APR - APY - 2% interest. Alternatively, you can avoid the opportunity cost by sending a wire transfer costing $14.96, which instantaneously transfers the funds with no float. How much will you save if you use a wire transfer instead of a check to transfer the money? (Express your answer in dollars and cents). Question 3 6 pts Assume you skip the discount and pay at the end of the net period for the following credit terms: 1/15, net 32. Calculate the APY for the trade credit. (Express your answer as a decimal accurate to four decimal places). 5 pts Question 4