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Question - On February 15, 2021 Cool Caps purchased 400 caps at $18 per cap on credit (2/10, n/30) and paid $500 in shipping costs upon receipt. Cool caps returned 25 caps within two days of receipt for a full refund and paid the balance amount to the supplier on February 23, 2020. What is Cool Caps' cost per cap?
a. $18.00
b. $18.95
c. $19.25
d. $18.97
e. None of the above
Determine the weekly payment with weekly compounding of interest and Determine the bi-weekly payment with bi-weekly Compounding
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