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Author Question: A vendor offers terms of 4/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer ... (Read 313 times)

michelleunicorn

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on: Jul 5, 2018
A vendor offers terms of 4/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer who does not pay within 10 days? (Assume there are 360 days in the year.
 
  A) 4
  B) 72
  C) 54
  D) 144

Question 2

The bank on which a check is drawn is known as the ___________________ _.
 Fill in the blank(s) with correct word


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thall411

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

drawee


michelleunicorn

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Reply #2 on: Jul 5, 2018
Thank you :)


thall411

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Reply #3 on: Jul 5, 2018
Happy to help you


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