Nike Corp.buys on 3/10,net 30 days.What is the nominal cost of interest if Nike does not take advantage of the trade discount offered? Assume a 360-day year.

Name: Nike Corp.buys on 3/10,net 30 days.What is the nominal cost of interest if Nike does not take advantage of the trade discount offered? Assume a 360-day year.
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The Answer of Nike Corp.buys on 3/10,net 30 days.What is the nominal cost of interest if Nike does not take advantage of the trade discount offered? Assume a 360-day year.

Nike CorpBuys on 3/10,net 30 Days