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Book Depot Inc. sells on terms of 2/10, net 30. What is the implicit cost of trade credit under these terms? Use a 365-day year.
Book Depot Inc. sells on terms of 2/10, net 30. What is the implicit cost of trade credit under these terms? Use a 365-day year.
The answer is 37.24%. How do I get to thta answer?
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
