Monthly interest rates

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author

Posts
February 21, 2018 at 6:22 am #438174
maylynn
Participant
- Topics: 32
- Replies: 34
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%
February 21, 2018 at 10:41 am #438218
John Moffat
Keymaster
- Topics: 57
- Replies: 54858
I 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 🙂
Author

Posts

Viewing 2 posts - 1 through 2 (of 2 total)

The topic ‘Monthly interest rates’ is closed to new replies.