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    Annual percentage rates for a set of credit terms.

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    Calculate the effective annual percentage cost of foregoing the cash discount under each of the following credit terms:
    a- 2/10, net 60
    b- 2/10, net 30

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    https://brainmass.com/business/cash/annual-percentage-rates-for-a-set-of-credit-terms-191808

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    Question:

    Calculate the effective annual percentage cost of forgoing the cash discount under each ...

    Solution Summary

    Calculates the effective annual percentage cost of foregoing cash discounts under two specific credit terms.

    $2.19

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