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If the Wiley Company purchases materials on the terms of 1/5, n20 and decides to pay on the 16th day, what will the nominal annual

If the Wiley Company purchases materials on the terms of 1/5, n20 and decides to pay on the 16th day, what will the nominal annual cost of trade credit be? 1.01% 33.52% 33.18% 24.58%

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