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Thread: Annualized opportunity cost

  1. #1
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    Question Annualized opportunity cost

    I need the formula to use in order to solve the following:

    If a company is offered accounts payable terms of "1.8%, 7 days, net 35 days" but the supplier allows the company to repay in 60 days.

    Estimate the annualized opportunity cost for NOT taking advantage of the 1.8 percent discount for quick 7 day payment.

    The annualized cost in a percentage, rounded two decimal places should be shown (?)

    (NO cost or dollar amount is given.)
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  2. #2
    MHF Contributor
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    Re: Annualized opportunity cost

    Hey Jobee0823.

    Can you please show us what you have tried?
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