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Potvin Potvin
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7 years ago
If credit terms are 2/30, net 60, what is the effective annual rate for a customer's loan when the customer pays the invoice in 60 days?
A) 44%
B) 16%
C) 59%
D) 11%
E) 28%
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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7 years ago
I'm impressed by the service offered here
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