Your supplier offers terms of 1 /20 , net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45 ? (Hint: Use a 365-day year). The effective annual cost is nothing %. (Rounded to two decimal places.)
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Home » Business » Your supplier offers terms of 1 /20 , net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45 ? (Hint: Use a 365-day year). The effective annual cost is nothing %.