This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A vendor offers terms of 4/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer ... (Read 331 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

drawee


michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
Reply #2 on: Jul 5, 2018
Thank you :)


thall411

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Jul 5, 2018
Happy to help you


« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Although not all of the following muscle groups are commonly used, intramuscular injections may be given into the abdominals, biceps, calves, deltoids, gluteals, laterals, pectorals, quadriceps, trapezoids, and triceps.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Land Plant Reproductive Terms Land Plant Reproductive Terms
The Rate Law The Rate Law
Annual Water Use in the United States Annual Water Use in the United States
Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction. Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction.
Homeschooling has come a long way. These children are performing in a musical at the annual ... Homeschooling has come a long way. These children are performing in a musical at the annual ...
How to calculate invest at each rate How to calculate invest at each rate
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library