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What is the annual cost of trade credit

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Reference no: EM132492594

Question 1: What is the annual cost of trade credit when the terms are 1/10, net 30? Assume a year has 360 days.

Option a. 12.1% (rounded)

Option b. 12.3% (rounded)

Option c. 18.4% (rounded)

Option d. 18.2% (rounded)

Reference no: EM132492594

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