Abc company finances all of its seasonal inventory needs from the local bank at an effective interest cost of 9%. the firm’s supplier promises to extend trade credit on terms that will match the 9% bank credit rate. what terms would the supplier have to offer (approximately)?
a. 2/10, n/60.
b. 2/10, n/100.
c. 2/10, n/90.
d. 3/10, n/60.
