Multiple Choice
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 this total event?
A) $0
B) $60.00
C) $61.20
D) $120.00
Correct Answer:
Verified
Correct Answer:
Verified
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