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Assume the credit terms offered to your firm by your suppliers are 2 / 5 , net 5 0 . Calculate the cost of the

Assume the credit terms offered to your firm by your suppliers are

2 / 5,

net

50 .

Calculate the cost of the trade credit if your firm does not take the discount and pays on day

50 . (

Hint

: Use a

365 -

day year.

)

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