Calculate the annualized cost of the trade credit terms

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Calculate the annualized cost of the trade credit terms of 4?/15?, 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 4?/15?, net 30 is ????%. ?

(Round to two decimal? places.)

Reference no: EM132666845

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