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Assume the credit terms offered to your firm by your suppliers are 3.3 /6, Net 30 . Calculate the cost of the trade credit if

Assume the credit terms offered to your firm by your suppliers are 3.3 /6, Net 30 . Calculate the cost of the trade credit if your firm does not take the discount and pays on day 30 . The effective annual cost of the trade credit is nothing %. (Round to two decimal places.)

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