Question
What is the effective rate of interest you will pay if you do not take advantage of the cash discounts given 4 /10, n/30 ?
What is the effective rate of interest you will pay if you do not take advantage of the cash discounts given 4/10, n/30?
(Do not round intermediate calculations. Round your answer to two decimals, i.e. 12.34)
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
