If an invoice for $45,000 is billed 2/10 net 30, what is the highest annual interest rate that one would rationally pay to borrow money in order to take advantage of the cash discount if the only consideration is a lower annual interest rate than charged on the invoice?
A)71.9 percent
B)9.9 percent
C)17.9 percent
D)23.9 percent
E)35.9 percent

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The Answer of If an invoice for $45,000 is billed 2/10 net 30, what is the highest annual interest rate that one would rationally pay to borrow money in order to take advantage of the cash discount if the only consideration is a lower annual interest rate than charged on the invoice?
A)71.9 percent
B)9.9 percent
C)17.9 percent
D)23.9 percent
E)35.9 percent

If an Invoice for $45,000 Is Billed 2/10 Net 30