U.S. Steel has an invoice of $3,000,000 from a supplier. The credit terms are 2/15, net...
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U.S. Steel has an invoice of $3,000,000 from a supplier. The credit terms are 2/15, net 45. U.S. Steel's cost of short-term borrowing is 5%. What is the difference in the present value of paying the invoice on day 15 versus paying on day 45? $47,649 $24,439 $83,390 $64,138 U.S. Steel has an invoice of $3,000,000 from a supplier. The credit terms are 2/15, net 45. U.S. Steel's cost of short-term borrowing is 5%. What is the difference in the present value of paying the invoice on day 15 versus paying on day 45? $47,649 $24,439 $83,390 $64,138
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