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Your parts supplier gives you one-quarter of a year to pay for parts ordered today, or offers you a discount if you pay cash at
Your parts supplier gives you one-quarter of a year to pay for parts ordered today, or offers you a discount if you pay cash at purchase. You have just purchased $94,500 worth of parts from your supplier and the discount is at an annual rate of 10%. How much will you pay for the parts if you pay today?
$94,144
$94,275
$93,875
$94,500
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