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Question Help P18-13 (similar to) (Related to Checkpoint 18.2) (Evaluating trade credit discounts) if a firm buys on trade credit terms of 3/10, nel 75

Question Help P18-13 (similar to) (Related to Checkpoint 18.2) (Evaluating trade credit discounts) if a firm buys on trade credit terms of 3/10, nel 75 and decides to forgo the trade credit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 385-day yeary? The annualized cost of the trade credit terms of 9/10.net 75 % Round to two decimal places)

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