Question: this is financial management subject solve this problem properly with every point J. designer just recently open as an upscale dress shop in hangu area.

this is financial management subject solve this problem properly with every point

J. designer just recently open as an upscale dress shop in hangu area. The owner is trying to decide whether to take the discount offered from his suppliers, or whether to pay at the end of the month. J. suppliers are offering him a 5% discount if he pays within 20 days; otherwise, the balance is due 40 days after purchase. What are J. nominal and effective annual costs of trade credit ?

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