Your Parts Supplier Gives You One-Quarter of a Year to Pay

Multiple Choice

Your parts supplier gives you one-quarter of a year to pay for parts ordered today,or offers you a discount if you pay cash at purchase.You have just purchased $94,500 worth of parts from your supplier and the discount is at an annual rate of 10%.How much will you pay for the parts if you pay today?

A) $94,500
B) $94,275
C) $94,144
D) $93,875