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What is the approximate cost of the costly trade credit

USING EXCEL

Suppose one of the suppliers to Trinity Health System offers terms of 3/15, net 45.

a. When does the system have to pay its bills from this supplier in order to get the discount?

b. What is the approximate cost of the costly trade credit offered by this supplier? (Assume 360 days per year.)

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Finance Basics: What is the approximate cost of the costly trade credit

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Finance Basics: What is the approximate cost of the costly trade credit

Reference No:- TGS02390223

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