In order to offer this service, Marion will need to invest in a state-of-the-art photo printer through her photography supply company at a list price...

The supply company is offering cash terms of 3/15, n/30 with a 2.5% service charge on late payments, or 90 days “same as cash” financing if Marion is approved for a company credit card. They also offer a payment plan (for the purchase price and the sales tax) at 23% annual simple interest for the first 90 days, plus 2% simple interest per month on the unpaid balance after 90 days. She calls the supply company to inquire about the terms and makes some notes:-3/15 means 3% discount (only on the price, not the sales tax) if paid within 15 days of purchase-n/30 with 2.5% service charge on late payments means she can pay the cash price until 30 days, or cash price plus 2.5% after 30 days-90 days “same as cash” means that if she applies for and is approved for a company credit card, she can pay the cash price up to 90 days after purchase. a. If Marion takes the cash option and pays for the printer within the 15 day discount period, how much will she save? Answer: How about in a leap year? [Find using exact time]Answer – Non-Leap Year: Answer - Leap Year: If she can’t pay until April 20, what would her payoff be including the additional month of interest (note that the problem specifies 2% simple interest per month)? Answer: Marion’s uncle works at a local bank and offers to get her a 90-day promissory note for $8,500 at 8% annual simple interest. Is this enough money for Marion to cover the purchase price of the printer? Is this a better option for Marion to persue from a finanical perspective