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Lowell Corporation buys on terms of 2/8, net 30 days, it does not take discounts, and it actually pays after 30 days. What is the
Lowell Corporation buys on terms of 2/8, net 30 days, it does not take discounts, and it actually pays after 30 days. What is the effective annual percentage cost of its non-free trade credit? (Use a 365-day year.)
16.69% | ||
25.92% | ||
19.19% | ||
39.82% |
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