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A firm offers terms of 1/10, net 40. What is the EAR (effective annual rate) to the customer if they do not take the discount?

A firm offers terms of 1/10, net 40. What is the EAR (effective annual rate) to the customer if they do not take the discount? 13.01% 0 26.02% O 20.13% 40.26% O 17.41%

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