4. What is the true (or effective) annual cost of offering a credit payment discount on terms of 2/8, 1/45?

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4.
What is the true (or effective) annual cost of offering a credit payment discount on terms
of 2/8, n/45?
Transcribed Image Text:4. What is the true (or effective) annual cost of offering a credit payment discount on terms of 2/8, n/45?
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