If ViaHire Foregoes the Discount but Does Not Pay for Its

question 83

Multiple Choice

If ViaHire foregoes the discount but does not pay for its purchases until day 40, what is ViaHire effective cost of using this source of credit? Assume that no penalty is incurred for late payment.

• A)19.25%
• B)36.73%
• C)24.83%
• D)24.49%