Multiple Choice
Your company has been offered credit terms of 4/30,net 90 days.What will be the nominal annual cost of trade credit if you pay 100 days after the purchase? (Assume a 365-day year.)
A) 20.64%
B) 21.73%
C) 22.81%
D) 23.95%
Correct Answer:
Verified
Correct Answer:
Verified
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