[Answered] A vendor offers terms of 4/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer ...

This topic contains a solution. Click here to go to the answer

Author Question: A vendor offers terms of 4/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer ... (Read 328 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

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?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Aminoacyl-tRNA synthetase charging a tRNA

Relative Positional Terms

Influence of enzyme-substrate affinity on the rate of an enzyme-catalyzed reaction.

Common Combining Terms

$How to solve a linear system when the terms are fractions$ How to solve a linear system when the terms are fractions

How to calculate simple interest (Part 4; P = I/rt)

Author Question: A vendor offers terms of 4/10, n/30. What is the ANNUAL interest rate the vendor is charging a buyer ... (Read 328 times)

Related Topics

Need homework help now?