questions 6-8

0 &X-Blackboard-Signature=S.. 2 / 2 79% + Question 6 Darla Sevy purchased merchandise from a supplier and failed to pay the Invoice amount ($310) by the last day of the credit period (August 12). Calculate the total amount Darla must pay on October 15 If the supplier charges 18% Interest on past-due accounts. $9.78 $64.00 $319.78 $374.00 Question 7 Heidi Muir, a sporting goods wholesaler, purchased goods from a supplier for $3,400. The supplier offers a 3% discount if the invoice is paid within 10 days; if not paid within 10 days, the full amount must be paid within 30 days of the Invoice date. Use the formula to find the annual rate Heidi, In effect, Is paying the supplier if she falls to pay the invoice at the end of the discount period. 56.44% 97% 54.75% 92.48% Question 8 You fail to pay your annual property taxes on the November 30 deadline. The tax was $1,482.65. You are charged a one-time 8% penalty plus 12% simple Interest on the amount of the unpaid tax exclusive of the one-time 8% penalty). Calculate your APR, assuming you pay on the following February 23. Use a 365-day year and express the rate to the nearest tenth of a percent. 41.8% 46.4% 12.0% C 20.0% M O C O