Wilson Wholesale, has credit terms of 1/10 net 30. Customers should take the discount and pay in 10 days if they CANNOT earn more than ________ (APR) on their investments

A) 13.01%
B) 20.13%
C) 18.43%
D) 12.29%


Answer: C
Explanation: C) APR = × = × = 18.43%.

Business

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