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 $73,500 worth of parts from your supplier and the discount is at an annual rate of 8%.How much will you pay for the parts if you pay today?

A) $73,500
B) $72,099
C) $68,056
D) $72,046