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Suppose your firm buys $1,000 worth of supplies on credit with terms 3/15 n60. If you pay the bill on the 50 th day after

Suppose your firm buys $1,000 worth of supplies on credit with terms 3/15 n60.

If you pay the bill on the 50^th day after the purchase, what is the cost of the trade credit you have used for the 35-day period after the discount period ended?

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