cash discount versus loan

Project Description:

joanne germano works in an accounts payable department of a major retailer. she has attempted to convince her boss to take the discount on the 1/15 net 65 credit terms most suppliers offer, but her boss argues that giving up 1% discount is less costly than a short-term loan at 7%. prove to whoever is wrong that the other is incorrect. (note: assume a 365-day year)
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Completed
Total Proposals: 8
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