What is the effective cost of credit terms of 3/5 net 45 if the firm stretches the accounts payable to 60 days?
A)12.9%
B)35.6%
C)39.9%
D)22.4%
E)42.7%

Name: What is the effective cost of credit terms of 3/5 net 45 if the firm stretches the accounts payable to 60 days? A)12.9% B)35.6% C)39.9% D)22.4% E)42.7%
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The Answer of What is the effective cost of credit terms of 3/5 net 45 if the firm stretches the accounts payable to 60 days?
A)12.9%
B)35.6%
C)39.9%
D)22.4%
E)42.7%

What Is the Effective Cost of Credit Terms of 3/5