Cost of Trade Credit Calculate the nominal annual cost of trade credit under each of...
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Finance
Cost of Trade Credit
Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.
1/15, net 30.
%
2/10, net 55.
%
3/10, net 50.
%
2/10, net 50.
%
2/15, net 35.
%
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