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A company owner is trying to decide whether to take the discount offered from her suppliers, or whether to pay at the end of the
A company owner is trying to decide whether to take the discount offered from her suppliers, or whether to pay at the end of the month.Suppliers are offering a 3.5% discount if she pays within 15 days; otherwise, the balance is due 30 days after purchase
. What are Dianas nominal annual costs of trade credit? effective annual costs of trade credit?
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