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In a negotiation with a supplier you were able to secure a payment term extension of...

In a negotiation with a supplier you were able to secure a payment term extension of 30 days. That is, your payment terms went from net 45 to net 75. If your cost of capital is 6%, what is the value of the functional discount you were able to negotiate? Group of answer choices 0.7397% 0.6532% 0.4931% 1.2329%

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Answer #1

Functional discount = = = 0.004931 =0.4931%

Answer: 0.4931%

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