Question: it's one question parts ahead plz do it Question 23 Not yet answered Marked out of 2.00 Flag question Buy Lo Stores purchases its inventory

it's one question parts ahead plz do it Question 23 Not

it's one question parts ahead plz do it

Question 23 Not yet answered Marked out of 2.00 Flag question Buy Lo Stores purchases its inventory from its suppliers on terms of 2/10 net 30. As it needs cash to pay off a loan that is coming due it decides not take the discount and delay payment until the 45th day. What would be the EFFECTIVE rate it pays by delaying its payment? Enter only numbers and decimal (do not use % sign). % Information Flag question BMI Ltd. had arranged with the bank for a 6 month line of credit of $200,000 at prime plus 2%. Prime rate is 4%. The bank charges 0.5% commitment fee on any unused balance. BMI Ltd. ended up using only $160,000 for 4 months. Calculate the total cost of financing for the Line of Credit below: Question 24 Not yet answered Marked out of 3.00 P Flag question a. On the BMI Line of Credit: what is the total interest charged: $ Question 25 Not yet answered Marked out of 3.00 Flag question b. On the BMI Line of Credit: what is the total commitment fee charged: $

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