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A supplier offers a trade credit on terms of 3/10, net 40 to its customer. What is the customer's Nominal Annual Cost of Trade Credit?

A supplier offers a trade credit on terms of 3/10, net 40 to its customer. What is the customer's Nominal Annual Cost of Trade Credit? 36.79% 37.20% 37.62% 55.87% 56.44%

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