Answered>Order 7433
Neveready Flashlights Inc. needs $300,000 to take a cash discount of 3/16, net 77. A banker will loan the money for 61 days at an interest cost of $14,900. a. What is the effective rate on the bank loan? (Use a 360-day year. Do not round intermediate calculations. Input your answer as a percent rounded to 2 […]