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Assuming terms of sales are 1/10, net of 40 days, what is the annual percentage rate paid by the buyer by not taking this discount

Assuming terms of sales are 1/10, net of 40 days, what is the annual percentage rate paid by the buyer by not taking this discount if the order is $1000? assume a year has 360 days. a. 8.62% b. 12.82%...

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