A merchant receives an invoice for a motorboat for $4000 with term 4/30/100. A) If the...

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A merchant receives an invoice for a motorboat for $4000 with term 4/30/100. A) If the merchant could borrow money (from third party) at -25% would he save some money? B) How about -20% for question A) ? C) (similar to textbook, page 6, example 7) What is the highest simple rate at which he can afford to borrow money (from third party) in order to take advantage of the discount? A merchant receives an invoice for a motorboat for $4000 with term 4/30/100. A) If the merchant could borrow money (from third party) at -25% would he save some money? B) How about -20% for question A) ? C) (similar to textbook, page 6, example 7) What is the highest simple rate at which he can afford to borrow money (from third party) in order to take advantage of the discount?

Answer rating: 100% (QA)

Lets break down each part of your question A The terms 430 n100 mean that the merchant can take a 4 ... View the full answer