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Explain the following terms: a) 2/10, n/30 b) 3/15, n/60 c) n/40 d) What is the effective rate of interest you will pay if you
Explain the following terms:
a) 2/10, n/30
b) 3/15, n/60
c) n/40
d) What is the effective rate of interest you will pay if you do not take advantage of the cash discounts described?
I have all but D) I dont understand if I dont have invoice amounts how I can calcuate this?
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