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A seller is currently offering terms of 1.5/10 net 60. What is the effective interest rate to the buyer for

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A seller is currently offering terms of 1.5/10 net 60. What is the effective interest rate to the buyer for not taking the discount?

Group of answer choices

12.12%

11.12%

10.12%

13.12%

Expert Answer:

Answer rating: 100% (QA)

1 5 10 net 60 means that the buyer can take a 1 5 discount if they pay withi View the full answer


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Related Book For  answer-question
Intermediate Accounting

Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: November 11, 2022 06:35:29
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