Calculate the effective interest rate implied by the following terms of sale. (Use a 365-day year.) 2/10

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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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Practical financial management

ISBN: 978-0324422634

5th Edition

Authors: William r. Lasher

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Question Posted: Sep 13, 2012 04:11 AM

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Calculate the effective interest rate implied by the following terms of sale. (Use a 365-day year.) 2/10

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Practical financial management

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