Question: answer this with solution On a 365-day basis, what is the effective annual rate of using trade credit 2 points if terms are 2/10.net 30,

answer this with solution answer this with solution On a 365-day basis, what is the effective

On a 365-day basis, what is the effective annual rate of using trade credit 2 points if terms are 2/10.net 30, and payment is made on the twentieth day?" O 109% 1.09% 1049 10% 2.04%

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