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Calculate the annual interest rate of the discounted cash

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Reference no: EM132954124

Problem 1: Imagine John buys goods with the condition 10/20 net 60. Use compound interest to calculate the annual interest rate of the discounted cash(1 year = 365 days).

A) 91%

B) 139%

C) 250%

D) 162%

Reference no: EM132954124

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