Question

Question : Determine the annual percentage interest cost for each of the following terms of sale,
assuming that the firm does not take the cash discount but pays on the final day of the net period
(assume a 365-day year):
a. 1/20, net 30
b. 2/15, net 45
2/30, net 60
d. 3/10, net 30​

Answer 1

Answer:

b. 2/15,net 45 is best answer this question