The effective annual cost of not taking advantage of the 3/10, net 30 - 4457

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Request Description

The effective annual cost of not taking advantage of the 3/10, net 30 terms offered by a supplier is (Use a 360 day year.) 

a. 55.7% 

b. 45.4% 

c. 40.5% 

d. 32.3% 

Solution Description

The effective annual cost