A firm buys on terms of 315 net 45 it does not take the
A firm buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? (Please show all work and formulas)
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a firm buys on terms of 315 net 45 it does not take the discount and it generally pays after 60 days what is the
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