FINANCE /ACCOUNTING

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exercice_5_week_2.xlsx
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Exercise 5

Exercise 5 - Trade Credit
Calculate the annual percentage rate for trade credit under each of the following credit terms. Payment is made on either the due date or the discount date.
A. 2/10, net 30
B. 2/10, net 60
C. 3/15, net 45
D. 1/20, net 40