Illinois Heart Hospital purchased and received an order of $27,950.50 worth of Personal Protective Equiqment (PPE) one
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Illinois Heart Hospital purchased and received an order of $27,950.50 worth of Personal Protective Equiqment (PPE) one (1) week before Valentine's Day from Good Samaritan Medical Equipment Supply, Inc. The invoice stated the terms of payment as 3.5/7 net 21. Calculate the approximate interest rate for this purchase of desperately needed PPE.
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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