Question
What are the nominal and effective costs of trade credit under the credit terms of 2/20, 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 2/20, 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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Real Estate Finance And Investments
Authors: William Brueggeman, Jeffrey Fisher
13th Edition
0073524719, 9780073524719
