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AFP Certified Treasury Professional CTP Question # 355 Topic 13 Discussion

AFP Certified Treasury Professional CTP Question # 355 Topic 13 Discussion

CTP Exam Topic 13 Question 355 Discussion:
Question #: 355
Topic #: 13

A buyer receives an invoice from a supplier that offers discount terms of 3/10, net 60. What is the effective cost of discount?


A.

15.64%


B.

16.13%


C.

21.90%


D.

22.58%


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