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A supplier offers you credit terms of 2/10, net 45. What is the cost of forgoing the discount on a purchase of $318,600? Multiple Choice

A supplier offers you credit terms of 2/10, net 45. What is the cost of forgoing the discount on a purchase of $318,600?

Multiple Choice

24.83%
23.45%
21.08%
20.41%
22.69%

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