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17-5) Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit ander each of the following terms, a. 1/15, net 20 b.

17-5) Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit ander each of the following terms, a. 1/15, net 20 b. 2/10, net 60 c. 3/10, net 45 4. 2/10, net 45

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