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1)How much will it cost you, on an annualized basis, if you do not take the discount with the following terms? 3.5/11 net 30
2)If you do not have available funds, but you have access to a credit card that has a rate of 18%, which of the following would you do?
| | | not take the discount and wait until 30 days to pay |
| | | take the discount by borrowing on your credit card |
| | | not take the discount because you should never use credit cards |
| | | not take the discount because 3.5% is very low |
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