If a firm extends 310 net 45-day terms of sale what is the


If a firm extends 3/10, net 45-day terms of sale. What is the cost in terms of nominal APR? Assume a 360-day year.

24.0%
31.8%
36.7%
27.8%

 

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Finance Basics: If a firm extends 310 net 45-day terms of sale what is the
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