Determine the effective annualized cost of foregoing the trade discount on terms - 3445

Solution Posted by
Solution Detail
Price: $1.25
  • From: ,
  • Posted on: Fri 23 Mar, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

Determine the effective annualized cost of foregoing the trade discount on terms 2/10 net 45, rounded to the nearest tenth of a percent.

a. 16.0%

b. 16.3%

c. 21.0%

d. 25.9% 

Solution Description

Determine the effective annualized cost of