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The effective annual cost of not taking advantage of 3/15, net 60 credit terms offered...

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Finance

The effective annual cost of not taking advantage of 3/15, net 60 credit terms offered by a vendor/supplier is (use a 360-day fiscal year) __________ . a. 39.76 % b. 33.84 % c. 27.50 % d. 24.74 %

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