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Assume the credit terms offered to your firm by your suppliers are 2/15, net 30. Calculate the cost of the trade credit if your firm

Assume the credit terms offered to your firm by your suppliers are 2/15, net 30. Calculate the cost of the trade credit if your firm DOES NOT TAKE THE DISCOUNT and pays on day 30. (Hint: Use a 365 day year)

The cost of trade credit is ___ % (4 decimals)

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