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QUESTION
A company is offered trade credit terms of 3/15, net 45 days. The company does not take the discount, and instead pays after 67 days. What is the
A company is offered trade credit terms of 3/15, net 45 days.The company does not take the discount, and instead pays after 67 days. What is the nominal annual Cost of not taking the discount? (Assume a 365-day year.)
