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AXE Co. offers terms of 2/10, net 30. What is the annual percentage rate (APR) AXE Co. earns when a customer does not take the

AXE Co. offers terms of 2/10, net 30. What is the annual percentage rate (APR) AXE Co. earns when a customer does not take the discount? Assume 360 days a year.

26.73%

24.86%

20.41%

36.73%

None of the above

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