Compute the annual approximate interest cost of not taking


Compute the annual approximate interest cost of not taking a discount using the following scenarios. What conclusion can be drawn from the calculations?

?2/10 net 20
?2/10 net 30
?2/10 net 40
?2/10 net 50
?2/10 net 60

 

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Finance Basics: Compute the annual approximate interest cost of not taking
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