Question
Your supplier offers terms of 3/20, net 35. What is the effective annual cost of trade credit if you choose to forgo the discount and
Your supplier offers terms of 3/20, net 35. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 35? The effective annual cost is___% (rounded to 2 decimal places)
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Entrepreneurial Finance
Authors: Philip J. Adelman, Alan M. Marks
4th Edition
0132434792, 9780132434799
