A furniture store is offering free credit on purchases over $1000. You observe that a big screen television can be purchased for nothing down and $4000 due in one year. The store next door offers an identical tv for $3650 but does not offer credit terms. Which statement below best describes the terms of the "free" credit?

a) 9.59% b) 8.75% c )9.13% d) 9.13% e) 0%

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