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Suppose one of the suppliers to Resolute Health Hospital offers terms of 3/14, net 45. . How many days does the business have to pay

Suppose one of the suppliers to Resolute Health Hospital offers terms of 3/14, net 45. . How many days does the business have to pay its bill from this supplier in order to get the discount? . What is the approximate cost of the costly trade credit offered by this supplier? Note: Assume 360 days per year.

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