# Help cmcc simulation

TRINIGYAL
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does anyone remember how to calculate the annual percentage cost of discount in the simulation. It was task 7 - invoice £700 but 5% discount will be offered if the invoice is paid in 14 days...

## Comments

145RegisteredYou'll also need how many days for the normal settlement period -

the formula is:

(d/(100-d)) x (365/(N-D)) x 100

where d = settlement discount percentage (5%)

N = Normal Settlement Period in days (?)

D = Settlement period for early repayment in days (14 days)

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