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| rev | Admin | (Created page with "A retailer offers two payment plans: # A 2% discount if paid within 10 calendar days after purchase # Pay the full amount on the 30th day after purchase Assume a 365-day year. The implied annual effective yield the buyer is charged for delaying payment from day 1 to day 30 is i. Calculate i. <ul class="mw-excansopts"><li>24.3%</li><li>26.8%</li><li>27.9%</li><li>36.5%</li><li>44.6%</li></ul> {{soacopyright | 2023 }}") | Nov 18'23 at 1:15 | +425 |