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Calculate the effective cost of the following trade credit term when payment is made on the net due date, 4/15, net 65. 25.00% 22.27% 18.56%

Calculate the effective cost of the following trade credit term when payment is made on the net due date, 4/15, net 65.

25.00%

22.27%

18.56%

14.69%

30.00%

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