4. Find the simple interest rate for $40,000 worth of merchandise for your tourist store in...

 

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4. Find the simple interest rate for $40,000 worth of merchandise for your tourist store in Wisconsin Rapids with terms 2/10 - n/55, if the payment is made on the 10th day. Use exact time and ordinary interest. 5. Suppose in question #1 you can not pay until the 62nd day. You are charged a flat 1.1% Sufcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate? 6. Suppose in question #2 you can not pay until the 63rd day. You are charged a flat 1.2% surcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate? 7. Suppose in question as you can not pay until the 93rd day You are charged a flat 0,85% surcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate? 8. Suppose in question #4 you can not pay until the 87th day. You are charged a flat 0.9% surcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate? 4. Find the simple interest rate for $40,000 worth of merchandise for your tourist store in Wisconsin Rapids with terms 2/10 - n/55, if the payment is made on the 10th day. Use exact time and ordinary interest. 5. Suppose in question #1 you can not pay until the 62nd day. You are charged a flat 1.1% Sufcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate? 6. Suppose in question #2 you can not pay until the 63rd day. You are charged a flat 1.2% surcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate? 7. Suppose in question as you can not pay until the 93rd day You are charged a flat 0,85% surcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate? 8. Suppose in question #4 you can not pay until the 87th day. You are charged a flat 0.9% surcharge fee. What would be your surcharge cost and what would be your equivalent simple interest rate?

Answer rating: 100% (QA)

4 The terms 210n55 mean that the buyer can get a 2 discount if they pay within 10 days or they can pay the full amount within 55 days Since the paymen... View the full answer