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Assume you have the following credit terms: 2/10, net 42. You skip the discount and pay in 48 days. Calculate the APY for the cost

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Assume you have the following credit terms: 2/10, net 42. You skip the discount and pay in 48 days. Calculate the APY for the cost of trade credit. Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheet.xls Click to opens 14.18% O 18.34% 21.42% 0 24.56%

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