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COST OF TRADE CREDIT What is the nominal and effective cost of trade credit under the credit terms of 3/15, net 30? Discount % 1-Discount

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COST OF TRADE CREDIT What is the nominal and effective cost of trade credit under the credit terms of 3/15, net 30? Discount % 1-Discount % 365 Nominal cost Days taken - Discount period Nominal cost Nominal cost Effective cost OR

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