Your parts supplier gives you one-quarter of a year to pay for parts ordered today, or offers you a discount if you pay cash at purchase. You have just purchased $73,500 worth of parts from your supplier and the discount is at an annual rate of 8%. How much will you pay for the parts if you pay today? A) $73,500 B) $72,099 C) $68,056 D) $72,046
Your parts supplier gives you one-quarter of a year to pay for parts ordered today, or offers you a discount if you pay cash at purchase. You have just purchased $73,500 worth of parts from your supplier and the discount is at an annual rate of 8%. How much will you pay for the parts if you pay today? A) $73,500 B) $72,099 C) $68,056 D) $72,046
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question 25
![**Question 25:**
Your parts supplier gives you one-quarter of a year to pay for parts ordered today, or offers you a discount if you pay cash at purchase. You have just purchased $73,500 worth of parts from your supplier and the discount is at an annual rate of 8%. How much will you pay for the parts if you pay today?
A) $73,500
B) $72,099
C) $68,056
D) $72,046
- O A
- O B
- O C
- O D](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F603d35a3-3fd0-4545-9874-8f7a9ef67273%2F6b8e0b1f-c064-4c7d-b27f-c2d85d61c915%2Fb1rioz_processed.png&w=3840&q=75)
Transcribed Image Text:**Question 25:**
Your parts supplier gives you one-quarter of a year to pay for parts ordered today, or offers you a discount if you pay cash at purchase. You have just purchased $73,500 worth of parts from your supplier and the discount is at an annual rate of 8%. How much will you pay for the parts if you pay today?
A) $73,500
B) $72,099
C) $68,056
D) $72,046
- O A
- O B
- O C
- O D
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