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Calculate the annualized cost of the trade credit terms of 4 /15, net 60 when payment is made on the net due date (assume a

Calculate the annualized cost of the trade credit terms of 4 /15, net 60 when payment is made on the net due date (assume a 365-day year). The annualized cost of the trade credit terms of 4 /15, net 60 is nothing %. (Round to two decimal places.)

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