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What is the effective interest rate if the clinic pays

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Sunshine Clinic purchases a piece of equipment for $250 with a 2-15 net 30 provision. What is the effective interest rate if the clinic pays on day 16? On day 30?

Reference no: EM131899848

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What is the effective interest rate if the clinic pays : Sunshine Clinic purchases a piece of equipment for $250 with a 2-15 net 30 provision. What is the effective interest rate if the clinic pays on day 16? On day 3
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