A company has accounts payable of P5,D??_??? with terms of 2% discount within 15 days, net 30 days (EMS, net 312]}

Subject:AccountingPrice:9.82 Bought3

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A company has accounts payable of P5,D??_??? with terms of 2% discount within 15 days, net 30 days (EMS, net 312]}. It can borrow funds from a bank at an annual rate of12%, or it can wait until the 33th day when it will receive revenues to cover the payment. If it borrows funds on the last dayr of the discount period in order to obtain the discount, its total cost will be * Format: 11.111 or[1'l,1'l'l}