Suppose fastest company is offered accounts payable terms, Financial Management

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Suppose fastest company is offered accounts payable terms

Suppose Fastest Company is offered accounts payable terms of " 2.4 percent, 14 days, net 35 days" but its suppliers actually allow it to repay in 50 days. Estimate the annualized opportunity cost for not taking advantage of the 2.4 percent discount for quick 14 day payment.

The annualized cost is:

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Financial Management: Suppose fastest company is offered accounts payable terms

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