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Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its non-free trade credit
Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its non-free trade credit if it pays 100 days after the purchase? Assume a 365 day year. (Please show work) A- 20.64% B- 25.85% C- 21.73% D- 16.95 % E- 24.55%
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Ecological Money And Finance
Authors: Thomas Lagoarde-Segot
1st Edition
3031142314, 978-3031142314
