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You have just purchased equipment for your company for $25 000 from your supplier, you were offered the credit terms 1/10, Net 30 a. If

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You have just purchased equipment for your company for $25 000 from your supplier, you were offered the credit terms 1/10, Net 30 a. If you wanted to pay today, how much would you pay you supplier? S % (answer in b. What is the effective annual rate of the trade credit if you choose to pay on day 30? percentage form, for example 3.54%, not 0.0354). % c. What is the effective annual rate of the trade credit if you instead choose to pay on day 45? (answer in percentage form, for example 3.54%, not 0.0354)

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