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Calculate the nominal annual cost of non-free trade credit under each of the following terms. Assume that payment is made either on the discount date
Calculate the nominal annual cost of non-free trade credit under each of the following terms. Assume that payment is made either on the discount date or on the due date.
a.2/15, net 20
b.1/10, net 45
c.3/15, net 45
d.2/ 10, net 50
e.2/15, net 35
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