Question: A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. The interest rate charged on the bank loan given to this firm is 18.75%. Which of the following is correct?
	a.	The firm should take the discount.
	b.	The firm should not take the discount.
	c.	not enough information.
	d.	The firm will be indifferent between taking the discount and not taking the discount.

Please included explanation of how you arrived at the correct answer, if the underlying math is possible on a TI-84 then what the steps are.