Question: Calculate the effective interest rate implied by the following terms of sale. (Use a 365-day year.) 2/10 ............net 30 1/5 ...........net 15 .5/10 ...........net 30

Calculate the effective interest rate implied by the following terms of sale. (Use a 365-day year.)

2/10 ............net 30

1/5 ...........net 15

.5/10 ...........net 30

2.5/10 ............net 25

1/5 ..............net 20


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