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    Small Business Management
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    Exam 22: Managing the Firms Assets
  5. Question
    Calculate the Annual Interest Rate Associated with Each of the Following
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Calculate the Annual Interest Rate Associated with Each of the Following

Question 15

Question 15

Essay

Calculate the annual interest rate associated with each of the following terms: (a) 2/5, net 30, (b) 2/10, net 20, and (c) 3/15, net 30.

Correct Answer:

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a.
Terms of 2/5, net 30: (365 ÷ (30 - 5)...

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