Your supplier offers terms of 168net 45 what is the


Your supplier offers terms of 1.6/8,Net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45?

The effective annual cost of the trade credit is ??%.(Round to two decimalplaces.)

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Finance Basics: Your supplier offers terms of 168net 45 what is the
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