Calculate the APR and the r EAR of nonfree trade credit under each of following terms. Assume
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Calculate the APR and the rEAR of nonfree trade credit under each of following terms. Assume payment is made either on the last due date or on the discount date.
a. 1/15, net 20
b. 2/10, net 60
c. 3/10, net 45
d. 2/10, net 45
e. 2/15, net 40
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a r EAR 1 199 3605 1 10619 b r EAR 1 ...View the full answer
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