Caterpillar purchased merchandise from Alpha Technologies as follows: Invoice date: March 12th Invoice Amount; $4,000 Te
Posted: Tue Nov 16, 2021 8:56 am
Caterpillar purchased merchandise from Alpha Technologies as
follows: Invoice date: March 12th Invoice Amount; $4,000 Terms:
2/10, n/30 If we assume an annual interest rage of 6% and a 360-day
year, And Caterpillar has to borrow money for the remaining 20 days
of the credit period. How much are the savings from taking the
discount?
a, 19.6
b, 6.67
c, 13.07
d, 66.93
follows: Invoice date: March 12th Invoice Amount; $4,000 Terms:
2/10, n/30 If we assume an annual interest rage of 6% and a 360-day
year, And Caterpillar has to borrow money for the remaining 20 days
of the credit period. How much are the savings from taking the
discount?
a, 19.6
b, 6.67
c, 13.07
d, 66.93