Acme offers its customers a cash discount of 4% if payment

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Acme offers its customers a cash discount of 4% if payment is made within 15 days, rather than its current net 45 policy.  Assuming a 365-day year, what is the annual rate Acme is charging its customers who do not take the discount?

    • 11 years ago
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    Acme offers its customers a cash discount of 4% if payment
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