What effective annual rate are they paying

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Binder’s Books offers customers credit terms of 4/10, net 40. If their customers don’t take the discount, what effective annual rate are they paying?

Reference no: EM13724973

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What effective annual rate are they paying : Binder’s Books offers customers credit terms of 4/10, net 40. If their customers don’t take the discount, what effective annual rate are they paying?

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