Henley Inc. purchased $160,000 of goods on account. On May 1, the company receives an invoice from the supplies with the credit terms 2/15, n/45. To pay the amount before the end of the discount period, Tiger would need to borrow 7% annual interest rate. How much will tiger outdoors save if it pays invoice by may 15?

Answer rating: 100% (QA)

ANS WER If Tiger Out doors pays the invoice by May 15 ... View the full answer