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Calvin Lopez regularly purchases from Jackson at terms of 310 n45 What is the simple nominal cost of foregoing the discount if Calvin pays on the 55th day

Calvin Lopez regularly purchases from Jackson at terms of 3/10, n/45. What is the simple nominal cost of foregoing the discount if Calvin pays on the 55th day?
A. 24.74%         C. 20.24%
B. 31.81%         D. 24.49%

Jun 20 2021 View more View Less

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