Question
Compute the approximate annual interest rate for not taking a discount using the following scenario 2/15 net 40 and 4/10 net 60. A) 24.8% and
Compute the approximate annual interest rate for not taking a discount using the following scenario 2/15 net 40 and 4/10 net 60.
A) 24.8% and 33.8% respectively
B) 29.8% and 30.4% respectively
C) 12.3% and 16.6% respectively
D) None of the above
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Economics For Financial Markets
Authors: Brian Kettell
1st Edition
0750653841, 978-0750653848
