Calculate the effective cost of the following trade credit terms if the discount is foregone and payment is made on the net due date.
a. 2/15 net 30
b. 2/15 net 45
c. 2/15 net 60

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The Answer of Calculate the effective cost of the following trade credit terms if the discount is foregone and payment is made on the net due date.
a. 2/15 net 30
b. 2/15 net 45
c. 2/15 net 60

Calculate the Effective Cost of the Following Trade Credit Terms