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Your inventory supplier extends you terms of 1/10 net 30. Instead of paying your supplier back early and taking the discount, you decide to wait
Your inventory supplier extends you terms of 1/10 net 30. Instead of paying your supplier back early and taking the discount, you decide to wait the entire term before paying them back. What is the effective annual cost of the trade credit you decided to take? 21.24% 18.25% 20.13% 18.43%
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