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What is the effective annual cost of trade credit

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Problem 1: Pets store inc sells on terms 2/15, net 85. What is the effective annual cost of trade credit under these terms? Use a 365 day year. The answer to two decimal places in percentage form

Reference no: EM132763829

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What is the effective annual cost of trade credit : Pets store inc sells on terms 2/15, net 85. What is the effective annual cost of trade credit under these terms? Use a 365 day year.
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