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The terms of the sale were 2/15, net 73. What is the effective annual rate of interest? Convert your answer to percentage and round
The terms of the sale were 2/15, net 73. 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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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
