A buyer borrows money at 6% interest to pay a $9,000 invoice with terms 1/10, n/30 on the 10th day of the discount period.The loan is repaid on the 30th day of the invoice.What is the buyer's net savings for these two transactions?
A)$0
B)$60.00
C)$61.20
D)$120.00

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The Answer of A buyer borrows money at 6% interest to pay a $9,000 invoice with terms 1/10, n/30 on the 10th day of the discount period.The loan is repaid on the 30th day of the invoice.What is the buyer's net savings for these two transactions?
A)$0
B)$60.00
C)$61.20
D)$120.00

A Buyer Borrows Money at 6% Interest to Pay a $9,000