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the answe is 12.245% but i cant seem to quite get there. could you explain in detail how and why you used what you did?
the answe is 12.245% but i cant seem to quite get there. could you explain in detail how and why you used what you did? thanks:) Problem 5.16 The terms of payment of a certain debt are: net cash in 90 days or 2% discount for cash in 30 days. What rate of simple interest is earned if the discount is taken advantage of
thanks:)
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