Question: Attached are two problems please answer both with all the steps. Thanks in advance. Zoom in if needed. 7. The cost of not taking the

Attached are two problems please answer both with all the steps. Thanks in advance. Zoom in if needed.

7. The cost of not taking the discount on trade credit of 3/10, net 30 is equal to: A. 57.75%. B. 55.67%. C. 56.44%. D. 36.50%. 10. When calculating a loan with a 20% compensating balance a firm would borrow in order to have available funds of S200,000. A. S160,000 B. $200,000 C. $250,000 D. S260,000

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