Question
What are the nominal and effective costs of trade credit under the credit terms of 4/10, net 35? Assume a 365-day year. Do not round
What are the nominal and effective costs of trade credit under the credit terms of 4/10, net 35? Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.
Nominal cost of trade credit: %
Effective cost of trade credit:%
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Writing About Finance And Business
Authors: Alexandrea Geddes
First Canadian Edition
1927023866, 978-1927023860
