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FastWay Couriers purchases goods from its suppliers on terms 2.5/25 net 50. The effective annual cost to Fastway if it does not take the discount

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FastWay Couriers purchases goods from its suppliers on terms 2.5/25 net 50. The effective annual cost to Fastway if it does not take the discount and instead pays on day 50 is closest to: 15% 45% 75% 85% None of the above

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