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Business, 12.03.2020 19:28 bjbass899

The Delta Fish Hatchery factors its accounts receivables immediately at a discount rate of 1.2 percent. The average collection period is 36 days. Assume all accounts are collected in full. What is the effective annual interest rate on this arrangement?

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The Delta Fish Hatchery factors its accounts receivables immediately at a discount rate of 1.2 perce...
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