plz Sir … may i know how to calculate i?
A co has available to it a cash dis of 4% for immediate payment of supplier's invoice.The only alter open to the Co is to pay the full invoice value in two month's time.
Wt is the implied monthly interest rate of not taking the supplier's dis?
2.062%
2.083%
2%
1.98%
Ask the Tutor ACCA FM
Monthly interest rates
8y ago#1I explain exactly how to calculate this in my free lectures on the management of receivables and payables. I am sorry but you really cannot expect me to type out my lectures again here :-)
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