Question: A supplier hands you an invoice for $ 4 7 , 0 0 0 with the terms 4 / 2 0 , net 1 8

A supplier hands you an invoice for $47,000 with the terms 4/20, net 180.
a.) What is the effective annual cost (expressed as an APR) if you forgo the discount and pay after 180 days?
b.)What is the effective annual cost (expressed as an APR) if you pay after 200 days?

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