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Compute the cost of not taking the following cash discounts.(Use a 360-day year. Do not round intermediate calculations. Input your final answers as a percent
| Compute the cost of not taking the following cash discounts.(Use a 360-day year. Do not round intermediate calculations. Input your final answers as a percent rounded to 2 decimal places.) |
| Cost of Lost Discount | ||
| a. | 3/14, net 55. | % |
| b. | 2/20, net 30. | % |
| c. | 3/17, net 45. | % |
| d. | 3/18, net 165. | % |
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Financial Modeling
Authors: Simon Benninga
2nd Edition
0262024829, 9780262024822
