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Business, 15.04.2020 03:46 uticabadgirl

A buyer borrows money at 6% interest to pay a $9200 invoice with terms 1/10, n/30 on the 10th day of the discount period. The loan is repaid on the 30th day of the invoice. What is the buyer’s net savings for these two transactions?

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A buyer borrows money at 6% interest to pay a $9200 invoice with terms 1/10, n/30 on the 10th day of...
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