Question: I keep on getting 25.08 and it says its wrong. I did (3%/97%)X(365/45) Clark's Landscaping bills customers subject to terms 3/15, n/60. References E6-5 Evaluating

I keep on getting 25.08 and it says its wrong. I

I keep on getting 25.08 and it says its wrong.

I did (3%/97%)X(365/45)

Clark's Landscaping bills customers subject to terms 3/15, n/60. References E6-5 Evaluating the Annual Interest Rate Implicit in a Sales Discount with Discussion of Management Choice of Financing Strategy LO6-1 Section Break value: 10.00 points E6-5 Part 1 Required: 1. Compute the annual interest rate implicit in the sales discount. (Use 365 days in a year. Do not roun 0.1234 should be entered as 12.34).) Annual interest rate 25.08 %

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