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3. The implicit annual cost of borrowing by using the trade credit with the term 3/10, net 30 is closest to which one of the
3. The implicit annual cost of borrowing by using the trade credit with the term 3/10, net 30 is closest to which one of the following annual interest rate?
A. 25%
B. 45%
C. 55%
D. 65%
E. 85%
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Essentials Of Real Estate Finance
Authors: David Sirota, Doris Barrell
14th Edition
1475428391, 9781475428391
