Problemmuller manufacturing company purchased inventory, Ask an Expert

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Muller Manufacturing company purchased inventory with repayment terms of 3/10 net 20.

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Question: What is the annual interest rate they are paying if they choose to pay on the due date in 20 days.

Note: Please show how to work it out.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167821

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