Given the unit price of $60 and trade credit term, 2/10 net 60, please find the effective annual rate…

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Given the unit price of $60 and trade credit term, 2/10 net 60, please find the effective annual rate…

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Given the unit price of $60 and trade credit term, 2/10 net 60, please find the

effective annual rate of cost of financing if not taking the discount.

Expert Answer:

Answer rating: 100% (QA)

To calculate the effective annual rate of cost of financing when not taking the discount we need to

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