A supplier grants your firm credit terms of 2/20, net 50. What is the effective annual rate of the discount if the firm purchases $1,100 worth of merchandise
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heya......
answer is
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$ 56800 is the effective annual rate of discount if the firm purchases $1,100 worth of merchandise.
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hope it helps ^_^
answer is
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$ 56800 is the effective annual rate of discount if the firm purchases $1,100 worth of merchandise.
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hope it helps ^_^
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