Question
The terms of the sale were 1/6, net 32. What is the effective annual rate of interest? Convert your answer to percentage and round off
The terms of the sale were 1/6, net 32. What is the effective annual rate of interest?
Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
