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Advantages of the cash discount

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Question: Jerry Brooks purchases office supplies totaling $1,890. He can take advantage of cash terms of 2/10, n/30 if he obtains a short-term loan. If he can borrow the money at annual simple ordinary interest for 20 days, will he save money if he borrows to take advantage of the cash discount? How much will he save?

Reference no: EM131623011

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