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Calculate the nominal annual cost of nonfree trade credit

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Reference no: EM132494696

Question 1: Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume that payment is make either on the discount date or on the due date.

Option A.) 1/10, net 20

Option B.) 2/10, net 60

Option C.) 3/10, net 45

Option D.) 2/10, net 45

Option E.) 2/10, net 45

Reference no: EM132494696

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