Question: ( Related to Checkpoint 1 8 . 2 ) ( Calculating the cost of trade credit ) Calculate the annualized cost of the trade credit

(Related to Checkpoint 18.2)(Calculating the cost of trade credit) Calculate the annualized cost of the trade credit terms of 415, net 30 when payment is made on the net
due date (assume a 365-day year).
The annualized cost of the trade credit terms of 415, net 30 is
%.(Round to two decimal places.)
(Related to Checkpoint 18.2)(Calculating the cost of trade credit) Calculate the

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