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Tesco receives terms of 2/15, net 40 from its suppliers. Tesco chooses to forgo the discount. What is the reduction in the effective annual cost

Tesco receives terms of 2/15, net 40 from its suppliers. Tesco chooses to forgo the discount. What is the reduction in the effective annual cost of the credit terms if Tesco decides to stretches the accounts payable to 70 days.

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