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ASAP Trade credit terms are 2/15, net 30. If the...

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Accounting

ASAP
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Trade credit terms are 2/15, net 30. If the payment is stretched to day 40, what is the annual percentage yield (APY? Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheets 34315 36.25% 1971 Trade credit terms are 2/15, net 30. If the payment is stretched to day 40, what is the annual percentage yield (APY? Please click on the following link to access a blank Excel-type worksheet: Blank XLS Worksheets 34315 36.25% 1971

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