Your supplier offers terms of 320 net 50 what is the


Your supplier offers terms of 3?/20?, net 50. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 50? (Hint: Use a? 365-day year). The effective annual cost is ______?%.

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Financial Management: Your supplier offers terms of 320 net 50 what is the
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