The factors discount is 3 how much is the ear for this
a) Alex has monthly average accounts receivables of $50,000 on annual sales of $500,000. The factors discount is 3%. How much is the EAR for this factor?
b) How much is the EAR if the factor lowers the discount rate to 2.75%?
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a alex has monthly average accounts receivables of 50000 on annual sales of 500000 the factors discount is 3 how much
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