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A supplier grants credit terms of 2/5, net 30. What is the effective annual interest rate (EAR) does the firm earn when a customer forgoes

A supplier grants credit terms of 2/5, net 30. What is the effective annual interest rate (EAR) does the firm earn when a customer forgoes the discount? 25.43% 40.55% 34.31% 36.77% 20.66%

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