Find the cost of this short-term financing for james

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James Corporation has the following terms with its suppliers: 2/10, net 60. It normally takes the discount and pays within ten days. However, due to cash shortage, it intends to delay the payment.

Find the cost of this short-term financing for James.

Reference no: EM13763885

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Find the cost of this short-term financing for james : James Corporation has the following terms with its suppliers: 2/10, net 60. It normally takes the discount and pays within ten days. However, due to cash shortage, it intends to delay the payment. Find the cost of this short-term financing for James.

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