What will be the nominal annual percentage cost

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Problem: Your company has been offered credit terms of 4/30, net 90 days. What will be the nominal annual percentage cost of its non free trade credit if it pays 145 days after the purchase?

Reference no: EM133616942

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What will be the nominal annual percentage cost : What will be the nominal annual percentage cost of its non free trade credit if it pays 145 days after the purchase?
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