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16. A fimm offers terms of 1/10, net 45. What effective annual interest rate does the firm earn when a customer does not
Posted: Mon Jan 17, 2022 8:09 am
by answerhappygod
- 16 A Fimm Offers Terms Of 1 10 Net 45 What Effective Annual Interest Rate Does The Firm Earn When A Customer Does Not 1 (17.88 KiB) Viewed 49 times
16. A fimm offers terms of 1/10, net 45. What effective annual interest rate does the firm earn when a customer does not take the discount? Explain what will happen after you calculate the EAR for the following each scenario if (a) The discount is changed to 2 percent (b) The credit period is increased to 60 days. (c) The discount period is increased to 15 days.