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A company receives an invoice for $200,000 with 2.5/10, net 90 terms. The companys short term borrowing rate is 9.5%. What is the annualized interest

A company receives an invoice for $200,000 with 2.5/10, net 90 terms. The companys short term borrowing rate is 9.5%. What is the annualized interest rate applicable to the discount period for the company if the discount is not taken?

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