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(Related to Checkpoint 18.2) (Evaluating trade credit discounts) If a firm buys on trade credit terms of 415, net 90 and decides to forgo the

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(Related to Checkpoint 18.2) (Evaluating trade credit discounts) If a firm buys on trade credit terms of 415, net 90 and decides to forgo the trade cradit discount and pay on the net day, what is the annualized cost of forgoing the discount (assume a 365-day year)? terms of 4/15, net 90 is | 1%. (Round to two decimal places )

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