What is the EAR and What is the APR

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Reference no: EM131942948

On May 12, you purchased $6,200 of merchandise from a supplier. The terms of the sale were 2/10, net 20. The discounted amount due is _____ which is payable no later than ____. May has 31 days. If you decided not to take advantage of the cash discount, what is the EAR? What is the APR?

Reference no: EM131942948

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