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Solve the cost of foregoing the discount

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Reference no: EM132642478

Assume that a firm is offered 2/10 net 30, indicating that if the account is settled in 10 days, the firm may keep a discount of 2%. If the discount is not taken, then the full amount is payable in 30 days.

Problem 1: Calculate the cost of foregoing the discount

Reference no: EM132642478

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