Cash discount terms of 2/10, net 60 on an invoice would-in effect-amount to borrowing at an annual interest rate of about ________ percent if the buyer did not pay the invoice for 60 days.
A) 22
B) 72
C) 14
D) 18
E) 36

Question

Quizplus · Accepted Answer

The Answer of Cash discount terms of 2/10, net 60 on an invoice would-in effect-amount to borrowing at an annual interest rate of about ________ percent if the buyer did not pay the invoice for 60 days.
A) 22
B) 72
C) 14
D) 18
E) 36

Cash Discount Terms of 2/10, Net 60 on an Invoice