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COST OF TRADE CREDIT. With terms of 4/15, net 60, calculate annual nominal cost of foregoing the cash discount. 1) 25.63% % 2) 28.19% 3)

COST OF TRADE CREDIT. With terms of 4/15, net 60, calculate annual nominal cost of foregoing the cash discount. 1) 25.63% % 2) 28.19% 3) 39.25% 4) 61.15% 5) 33.80%

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