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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Laura’s Landscaping bills customers subject to terms 4/10, n/60.
Required:
1. Compute the annual interest rate implicit in the sales discount. (Round to two decimal places)
2. If his bank charges 15 percent interest, should the customer borrow from the bank so that he can take advantage of the discount? Explain your recommendation.
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