Question: A company bought a machine for 1.000.000 dollars with 2/10 net 45 days. if they chose to use a loan from the bank the interest

A company bought a machine for 1.000.000 dollars with 2/10 net 45 days. if they chose to use a loan from the bank the interest rate would be %16. what is the cost of giving up a cash discount for the company ? is it better to use bank loans , why ? ( 1 year=360 days)

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