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Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 40 . - Find the annual percentage rate

Bumpas Enterprises purchases $4,562,500 in goods per year from its sole supplier on terms of 2/15, net 40 . - Find the annual percentage rate (APR) for this installment loan. - Find the effective annual rate (EAR) for this installment loan

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