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A supplier offers payment terms to its customers of 1.5/30 net 60 . What is the effective annual rate of the discount being offered to

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A supplier offers payment terms to its customers of 1.5/30 net 60 . What is the effective annual rate of the discount being offered to its customers? a) 26.60% b) 20.19% c) 16.81% d) 22.93%

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