Example about Trade credit in manaing payables in Interactive text

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April 4, 2013 at 4:40 pm #121504
Hai Yen
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I don’t understand example about trade credit in page 33 of BPP interactive text FFM. When calculated cost in interest per annum is 23.45%, but in the next line, it wrote that ” cash to obtain an annual return of 25%”. Where is 25% from??
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