Determine the annual financing cost of forgoing

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Reference no: EM131119958

Determine the annual financing cost of forgoing the cash discount under each of the following credit terms:
a. 2/10, net 60
b. 1½ /10, net 60
c. 2/30, net 60
d. 5/30, net four months (assume 122 days)
e. 1/10, net 30

Reference no: EM131119958

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Determine the annual financing cost of forgoing : Determine the annual financing cost of forgoing the cash discount under each of the following credit terms: a. 2/10, net 60 b. 1½ /10, net 60 c. 2/30, net 60 d. 5/30, net four months (assume 122 days) e. 1/10, net 30

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