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on july 15th, you purchased $10,000 worth of goods. the terms of the sale were 1/6, net 46. What is the effective annual rate of
on july 15th, you purchased $10,000 worth of goods. the terms of the sale were 1/6, net 46. What is the effective annual rate of interest for the credit period for this sale?
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
17th Edition
1119561175, 978-1119561170
