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8. If the annualized cost of trade credit is 7.37%, what is the net trade credit period? Assume a discount percentage of 1% for payments

8. If the annualized cost of trade credit is 7.37%, what is the net trade credit period? Assume a discount percentage of 1% for payments received on or before 20 days A. 50 Days B. 70 days C. 30 days D. 40 days

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