If an invoice indicates that interest at the rate of 2% per month will be charged on

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If an invoice indicates that interest at the rate of 2% per month will be charged on overdue amounts, what effective rate of interest will be charged?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

Question Posted: Jan 20, 2016 07:34 AM

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If an invoice indicates that interest at the rate of 2% per month will be charged on

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Since the interest is charged each month we ...View the full answer

Business Mathematics In Canada

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