We have acquired new furniture for the office. The invoice for $6,000 offers two ways to pay: we can pay the entire amount by September 1, or we can pay $3,060 by September 1 and #3,000 by January 1. How does our decision depend on the interest rate at which we can invest our funds?

Answer rating: 100% (QA)

To determine the optimal payment option for the office furniture you need to consider the interest r... View the full answer