Question
A supplier hands you an invoice for $45,000 with the terms 1/20, net 180. 1. What is the effective annual cost if you forgo the
A supplier hands you an invoice for $45,000 with the terms 1/20, net 180.
1. What is the effective annual cost if you forgo the discount and pay after 180 days?
2. What is the effective annual cost if you pay after 200 days?
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Fundamentals Of Investments Valuation And Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
9th Edition
1260013979, 9781260013979
