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Business, 12.08.2020 06:01 Talos02

Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays after 60 days. What is the nominal annual percentage cost of its non-free trade credit, based on a 365-day year? a. 30.35% b. 27.59% c. 33.39% d. 25.09% e. 36.73%

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Newsome Inc. buys on terms of 3/15, net 45. It does not take the discount, and it generally pays aft...

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