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If a company gives you discount terms of 2% in 5 days, Net 30, what is the effective rate that you can earn if you
If a company gives you discount terms of 2% in 5 days, Net 30, what is the effective rate that you can earn if you take a discount on an invoice of $10,000? 2% in 5 days mean you can pay 98% of the invoice in 5 days, or 100% in 30 days.
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