Burt??s Department Store needs $617,000 to take a cash discountof 2.50/10, net 90. A banker will loan the money for 80 days at aninterest cost

Burtâ??s Department Store needs $617,000 to take a cash discountof 2.50/10, net 90. A banker will loan the money for 80 days at aninterest cost of $14,600.a. What is the annual rate on the bank loa 2 answers