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Calculate the APR and reAR of non-free trade credit associated with credit terms of 2/20, net 50, and 1.5/30, net 50 , assuming that customers
Calculate the APR and reAR of non-free trade credit associated with credit terms of 2/20, net 50, and 1.5/30, net 50 , assuming that customers who do not take the discount a. pay on the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places
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