A company is offered trade credit terms of 3/15, net 45 days. The company does not take the discount, and instead pays after 67 days. What is the

A company is offered trade credit terms of 3/15, net 45 days.The company does not take the discount, and instead pays after 67 days.  What is the nominal annual Cost of not taking the discount?  (Assume a 365-day year.)

"Get 15% discount on your first 3 orders with us"
Use the following coupon
"FIRST15"

Order Now