Tracee receives a large order from a customer.Her company does not have the cash to purchase the products from her supplier so she enters into a purchase-order financing agreement with a lender.The sale is for $75,000.The cost of the products is $40,000.What fee will the lender charge?
A) $1,200-$3,200
B) $3,200-$4,000
C) $4,000-$6,000
D) $6500-$10,000

Question

Quizplus · Accepted Answer

The lender will charge a fee of 2-5% of the sale price, which is $1,500-$3,750.

Tracee Receives a Large Order from a Customer