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Calculate the annualized cost of the trade credit terms of 3/15 net 75 when payment is made on the net due date (assume a 365-day

Calculate the annualized cost of the trade credit terms of 3/15 net 75 when payment is made on the net due date (assume a 365-day year).

The annualized cost of the trade credit terms is ___% (round to 2 decimal places)

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