What is the effective annual cost of skipping the discount and paying at the end of the net period for the following credit terms: 6/10, net 70

APR = 38.829%

APY = 45.70%

Explanation:

Missing word "Calculate the APR and the APY."

Discount % = 6%

Total period = 70

Discount period = 10

i. APR = (Discount% / [100% - Discount%]) * (365 / [Total period - Discount period])

APR = [6% / 100%-6%] * [365 / 70 - 10]

APR = 6%/94% * 365/60

APR = 0.06382979 * 6.083333

APR = 0.38829787

APR = 38.83%

ii. APY = (1 + [Discount% / {100% - Discount%}])^(365/[Total period - Discount period]) - 1

APY = [1 + [6%/ / 100%-6%]^(365/70-10) - 1

APY = {1 + 0.06382979]^6.083333 - 1

APY = 1.06382979^6.083333 - 1

APY = 1.45704250704 - 1

APY = 0.45704250704

APY = 45.70%

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

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