Question: Use the following values to determine the present value cost of the purchase after taking the trade credit discount: Purchase of $10,000 Trade Credit Terms

Use the following values to determine the present value cost of the purchase after taking the trade credit discount: Purchase of $10,000 Trade Credit Terms of 1/15 net 40 Discount rate of 8%

Group of answer choices

$9,813.96

$9,867.56

$9,913.09

$10,000.00

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