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If a firm buys under terms of 3/15, net 45, but actually pays on the 20th day and still takes the discount, what is its

  • If a firm buys under terms of 3/15, net 45, but actually pays on the 20th day and still takes the discount, what is its non-free trade credit?
  • Does it receive more or less credit than it would if it paid within 15 days?

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