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Your inventory supplier contract specifies a 1% discount if paid within 10 days or the...

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Finance

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Your inventory supplier contract specifies a 1% discount if paid within 10 days or the full amount can be paid back in 30 days. Instead of paying your supplier back early and taking the discount, you decide to wait the entire term before paying them back. What is the effective annual cost of the trade credit you decided to take? 0 18.43% 0 21.24% 0 20.13% 18.25%

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