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A firm has AP of $ 2 0 0 0 with its supplier. The supplier offers the firm an early payment term: 2 / 1

A firm has AP of $

2000

with its supplier. The supplier offers the firm an early payment term:

2 / 15

net

50

The implied annualized "interest rate" associated with this term is

% (

Enter your answer in TWO decimal places

)

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