Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate

Finance Dec 01, 2020

Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note: Assume a 30-day month and 360-day year. a. 4/15, net 60 b. 3/10, net 45 c. 2/10, net 60 d. 3/15, net 30

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