Question

Find the effective annual rate of the following credit terms:
a. 2% discount if paid within ten days or net within thirty days
b. 1% discount if paid within thirty days or net within sixty days
c. 0.5% discount if paid within fifteen days or net within forty-five days
d. 1.0% discount if paid within twenty days or net within thirty days



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  • CreatedMay 08, 2014
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