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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 if it pays 145 days after the purch…

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 145 days after the purch…
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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 if it pays 145 days after the purchase?

asked
User George Daramouskas
by
7.4k points

1 Answer

4 votes

Answer:

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answered
User AmeyaVS
by
8.3k points
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