If a firm buys on terms of 3/15, net 45, what is the APR of its nonfree trade credit? What is the effective annual rate, rEAR?

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If a firm buys on terms of 3/15, net 45, what is the APR of its nonfree trade credit? What is the effective annual rate, rEAR?

If a firm buys on terms of 3/15, net 45, what is the APR of its nonfree trade credit? What is the effective annual rate, rEAR?

If a firm buys on terms of 3/15, net 45, what is the APR of its nonfree trade credit? What is the effective annual rate, rEAR?

 

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