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Supplier give credit term 3/20 net 30. If buyer get the invoice of 1,889.99, what would be the true price of this invoice? What is

Supplier give credit term 3/20 net 30.

If buyer get the invoice of 1,889.99, what would be the true price of this invoice?

What is the nominal annual cost of trade credit extended by the supplier?

If the buyer pay on average 35 days after the sale, the buyer can decease its nominal cost of trade credit by _______ by pay late.

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