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ABC Inc. has a credit policy that encourages its customer to pay early and its typical terms are 7/15, net 45. If customers do not

ABC Inc. has a credit policy that encourages its customer to pay early and its typical terms are 7/15, net 45. If customers do not take the discount then they are effectively borrowing money at an annual interest rate of: a. 141.80% b. 80.15% c. 24.32% d. 127.77% e. 73.12%

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