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Jim took delivery of merchandise invoiced at $24,600.00 with terms cash 6, 2/40, n/60. Calculate the discounted prices for cash 6 and 2/40. Also calculate

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Jim took delivery of merchandise invoiced at $24,600.00 with terms cash 6, 2/40, n/60. Calculate the discounted prices for cash 6 and 2/40. Also calculate the equivalent annual interest rate for the 2/40 early payment discount

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