About the cost of trade credit

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Reference no: EM131048116

Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume payment is made either on the due date or on the discount date. Assume 365 days in year for your calculations. Do not round intermediate calculations. 1/15, net 20. Round your answer to two decimal places. % 2/10, net 60. Round your answer to two decimal places. % 3/10, net 50. Round your answer to two decimal places. % 2/10, net 55. Round your answer to two decimal places. % 2/15, net 40. Round your answer to two decimal places. %

Reference no: EM131048116

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