Assume the credit terms offered to your firm by your suppliers are 3.2/6 Net 30 Calculate the
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Question:
Assume the credit terms offered to your firm by your suppliers are
3.2/6
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
____________%.
(Round to two decimal places.)
Expert Answer:
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