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If the FINMAN 338 Company purchases materials on the terms of 3/8, n24 and decides to pay on the 20th day, what will the nominal

If the FINMAN 338 Company purchases materials on the terms of 3/8, n24 and decides to pay on the 20th day, what will the nominal annual cost of trade credit be?

Question 9 options:

	70.55%
	3.09%
	30.42%
	94.07%

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