Compute the annual approximate interest

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Reference no: EM131030958

Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?

Formula: Approximate Interest Rate - Discount % (1-Discount %) X (365/Net Period)

2/10 net 20
2/10 net 30
2/10 net 40
2/10 net 50
2/10 net 60

Reference no: EM131030958

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