Calculation of Annual Rate of Return.
1.What is the annual rate of return on investment? Use 360 day year in your calculation (use decimal points)
2.What is the annual rate of return on investment? Use 360 day period
3.Which of the terms 1-3 part a is not likely to be significant
incentive to customers to pay promptly
a.1/15, net 30
b.2/10, net 60
c.1/10 net 90