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Finding the implied interest rate (APR)

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1.Finding the implied interest rate (APR) when customers do not take the discount for credit terms of credit terms of 2/10 net 30..
2.What is the effective rate for the above?

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1.Finding the implied interest rate (APR) when customers do not take the discount for ...

Solution Summary

This solution deals with calculating the APR for various terms of credit.

$2.19