Homework answers / question archive / Company has following trade credit offer for paying invoices: 1/15 N60       Should company use short term loan from bank and pay invoice early to receive discount, when interest rate for the loan is 7% annually?

Company has following trade credit offer for paying invoices: 1/15 N60       Should company use short term loan from bank and pay invoice early to receive discount, when interest rate for the loan is 7% annually?

Finance

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