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how to explain this question IV. Short Answers 1. Ifa company purchases merchandise on terms of 2/10, n/60, the cash discount available is equivalent to

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IV. Short Answers 1. Ifa company purchases merchandise on terms of 2/10, n/60, the cash discount available is equivalent to what effective annual rate of interest (assuming a 360-day year)? 2% 12% a) c/14% 72%%

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