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Avatar Corp solves its cash shortage by paying its bills a week late but loses a 1% discount by doing so. This is equivalent to

Avatar Corp solves its cash shortage by paying its bills a week late but loses a 1% discount by doing so. This is equivalent to borrowing at an annual interest rate of:

Group of answer choices

A. 52.0%

B. 12.8%

C. 68.6%

D. 1.0%

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