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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

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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 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; format for ' b ' is xx.x%

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