Should Gary pay the invoice within the discount period or should he keep the $57,600 in...

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Should Gary pay the invoice within the discount period or should he keep the $57,600 in the money market account for 20 days and pay at the end of the credit period? (Use 360 days in a year.) Gary should take the discount as it will result in savings of $ eTextbook and Media Solution Using multiple attempts has impacted your score. 25% score reduction after attempt 2 (b) 992 Attempts: 3 of 3 used If Gary forgoes the discount, it may be viewed as paying an interest rate of 2% for the use of $57,600 for 20 days. Calculate the annual rate of interest that this is equivalent to. (Round answer to O decimal places, e.g. 25%.) Equivalent annual interest rate is % Should Gary pay the invoice within the discount period or should he keep the $57,600 in the money market account for 20 days and pay at the end of the credit period? (Use 360 days in a year.) Gary should take the discount as it will result in savings of $ eTextbook and Media Solution Using multiple attempts has impacted your score. 25% score reduction after attempt 2 (b) 992 Attempts: 3 of 3 used If Gary forgoes the discount, it may be viewed as paying an interest rate of 2% for the use of $57,600 for 20 days. Calculate the annual rate of interest that this is equivalent to. (Round answer to O decimal places, e.g. 25%.) Equivalent annual interest rate is %