Finding the implied interest rate (APR) when customers do not take the discount for credit terms of credit terms of 2/10 net 30. What is the

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Finding the implied interest rate (APR) when customers do not take the discount for credit terms of credit terms of 2/10 net 30.What is the effective rate for the above?

1. Finding the implied interest rate (APR) when customers do not take the discount for creditterms of credit terms of 2/10 net 30..Solution:The customer gets a 2 percent discount if he pays…

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