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To settle a $680 invoice, Anna can pay $660 now or the full amount 90 days later. a. Which alternative should she choose
Posted: Tue Nov 16, 2021 9:30 am
by answerhappygod
- To Settle A 680 Invoice Anna Can Pay 660 Now Or The Full Amount 90 Days Later A Which Alternative Should She Choose 1 (19.45 KiB) Viewed 86 times
To settle a $680 invoice, Anna can pay $660 now or the full amount 90 days later. a. Which alternative should she choose if money can earn 11 %? Pay $660 now Pay full amount 90 days later b. What rate would money have to earn for Anna to be indifferent between the alternatives? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places.) Rate 12 28%