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%

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Definitions:

Hispanics

Refers to individuals of Spanish-speaking ancestry, primarily from Latin American countries, living in the United States or other parts of the world.

Asians

People originating from or having ancestry in Asia, a continent that includes a diverse range of cultures, languages, and histories.

Steering

In the context of real estate, the practice of influencing home buyers' choices based on race or ethnicity, often leading to housing segregation.

Upper-class Black Family

African American families who have achieved high socioeconomic status, navigating unique socio-cultural challenges and stereotypes.