Solved: Items involving a cash discount, Finance Basics

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Items involving a cash discount

Problem: Listed below are some common terms of sale. Could you help me by explaining what each means:

a. 2/30, net 60
b. 2/5, EOM, net 30
c. COD

Some of the above items involve a cash discount. Could you help me calculate the rate of interest paid by a customer who pays on the due date instead of taking the cash discount?

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Finance Basics: Items involving a cash discount

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Finance Basics: Items involving a cash discount

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