What is the cost of trade credit from this vendor

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A vendor offers payment terms of 3/20, net 60. What does this mean for the timing and costs of paying this vendors bills? Using a 360 day year, what is the cost of trade credit from this vendor?

Reference no: EM131074597

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What is the cost of trade credit from this vendor : A vendor offers payment terms of 3/20, net 60. What does this mean for the timing and costs of paying this vendors bills? Using a 360 day year, what is the cost of trade credit from this vendor?

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