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Free and Costly Trade Credit Using the information below, if you do not take the discount, how much will be the additional amount of money

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Free and Costly Trade Credit Using the information below, if you do not take the discount, how much will be the additional amount of money paid for the year? 365 days per year Purchases = $1,000,000 Terms: 2/20, net 45 Plan to pay on day 60 $2,740 $54,795 $20,408 $164,384

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