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The terms of the sale were 2/14, net 53. What is the nominal rate? That is, compute the APR. Convert your answer to percentage and
The terms of the sale were 2/14, net 53. What is the nominal rate? That is, compute the APR.
Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box.
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
