Approximate cost of trade credit
Problem:
A clinic had payment terms from one of its suppliers of 3/20, net 60.
Required:
Question: What is the approximate cost of this trade credit?
Note: Please provide full description.
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Question: What is the project's payback? Note: Please provide full description.
Question: What is the project's net investment outlay in year 0? Note: Explain all calculation and formulas.
Question: What is the approximate cost of this trade credit? Note: Please provide full description.
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