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(Retated to Checkpoint 18.) (Lvaluating trade credit discounts) if a fim buys on trade aedit terms of 2/0. net 60 and decides to forgo the

(Retated to Checkpoint 18.) (Lvaluating trade credit discounts) if a fim buys on trade aedit terms of 2/0. net 60 and decides to forgo the thade credit discount and pay ca the net day what is the annualized cost of lorgong the discount (aswume a 365-day yeat)? The annualized coat of the trade credin terms of 2/10, nat 60 is 5 (Round ta two decinial places)

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