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Business, 04.05.2021 01:40 cfnewton09

Simple​ Simon's Bakery purchases supplies on terms of 1.8 divided by 10 comma net 301.8/10, net 30. If Simple​ Simon's chooses to take the discount​ offered, it must obtain a bank loan to meet its​ short-term financing needs. A local bank has quoted Simple​ Simon's owner an interest rate of 10.7 %10.7% on borrowed funds. Should Simple​ Simon's enter the loan agreement with the bank and begin taking the​ discount?

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