Calculate the annualized cost of the trade credit terms of 1/15, net 45 when payment is made
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Calculate the annualized cost of the trade credit terms of 1/15, net 45 when payment is made on the net due date (assume a 365-day year).
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
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