Solution-What is the implicit interest

What is the implicit interest

Reference no: EM133097148

Question - McCallister's just purchased $17,200 worth of inventory. The terms of the sale were 2/10, net 40. What is the implicit interest?

a. $387

b. $366

c. $344

d. $310

e. $321

Reference no: EM133097148

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What is the implicit interest

Reference no: EM133097148

Reference no: EM133097148

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