Determine the annual effective rate of a customer that does not take advantage of credit terms of 2/10, n/30.
A) 44.59%
B) 42.59%
C) 40.59%
D) 38.59%
Ans: A) 44.59%
Business
A) 44.59%
B) 42.59%
C) 40.59%
D) 38.59%
Ans: A) 44.59%