Can someone help me Please! Unit 15
wayne
Registered Posts: 1 New contributor 🐸
Average customer invoice is 1000 pound and normal terms of trade are 60 days from invoice date.The company is giving a 2.5% discount for payment within 14 days
Calculate ANNUAL PERCENTAGE COST for the discount below (you need to take account of compound interest)
Thanks
Calculate ANNUAL PERCENTAGE COST for the discount below (you need to take account of compound interest)
Thanks
0
Comments
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Average customer invoice is 1000 pound and normal terms of trade are 60 days from invoice date.The company is giving a 2.5% discount for payment within 14 days
Calculate ANNUAL PERCENTAGE COST for the discount below (you need to take account of compound interest)
Thanks
There's a huge formula on this in the kaplan book. Its too lengthy to remember off the top of my head. Is that the question from the simulation? I had that one too.0 -
Wayne,there are several threads about this in the Technician/Diploma forum and while they may have generated more heat than light you might find them useful.0
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