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A supplier offers you credit terms of 1/5, net 20. What is the cost of forgoing the discount on a purchase of $1,250? Assume a

A supplier offers you credit terms of 1/5, net 20. What is the cost of forgoing the discount on a purchase of $1,250? Assume a 365-day year.

Multiple Choice

  • 32.33%

  • 34.21%

  • 37.79%

  • 29.03%

  • 44.32%

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