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Calculate the effective interest rate implied by the following terms of sale, using a 365-day year. 3/10, net 30 1/5, net 15 .5/10, net 30
Calculate the effective interest rate implied by the following terms of sale, using a 365-day year.
3/10, net 30 1/5, net 15 .5/10, net 30 2.5/10, net 25 2/5, net 20
Please show work.
Thank you
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