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What is the effective annual rate

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Question - On a 365-day basis, what is the effective annual rate of using trade credit if terms are 2/10, net 30, and payment is made on the twentieth day?

Reference no: EM133078655

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What is the effective annual rate : On a 365-day basis, what is the effective annual rate of using trade credit if terms are 2/10, net 30, and payment is made on the twentieth day
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