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Which of the following terms of trade credit is the more expensive? A. A 3% cash discount if paid on the 15th day with bill
Which of the following terms of trade credit is the more expensive?
A. A 3% cash discount if paid on the 15th day with bill due on the 45th day (3/15, net 45)
B. A 2% cash discount if paid on the 10th day with the bill due on the 30th day (2/10, net 30)
*Please show all work. Thank you!*
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