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If a firm purchases raw materials from its supplier on a 210 n50 term the equivalent annual interest using 360 day year of giving up a cash discount and making payment on the 60th day is

If a firm purchases raw materials from its supplier on a 2/10, n/50 term, the equivalent annual interest (using 360-day year) of giving up a cash discount and making payment on the 60th day is
A. 14.73%            C. 14.69%
B. 18.37%            D. 12.29%

Jun 20 2021 View more View Less

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