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Book Depot Inc. sells on terms of 1 / 1 5 , net 6 5 . What is the APR cost of trade credit under

Book Depot Inc. sells on terms of

1 / 15,

net

65 .

What is the APR cost of trade credit under these terms? Use a

365 -

day year.

Round the answer to two decimal places in percentage form.

(

Write the percentage sign in the "units" box

)

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