Question Help Lyman Nurseries purchased teeds conting $31.000 with one of 15 et 60 EM on January 12 How much will to fem pay takes the cash discount? What is the appromote cont of severe was the cute tocowe, orghe simplified formula? The amount the fun will pay it takes the choscount le Round to the nearest otar) The approximate cost of giving up the cash discount, uning the simpiad tomta. Impound io to decmai place) Question Help 0 Lyman Nurseries purchased seeds costing $31,000 with terms of 1/15 net 90 EOM on January 12. How much will the firm pay if it takes the cash discount? What is the approximate cost of giving up the cash discount, using the simplified formula? The amount the firm will pay if it takes the cash discount is $(Round to the nearest dollar.) The approximate cost of giving up the cash discount, using the simplified formula, is 1%, (Round to two decimal places.) 58