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If a vendor's invoice states terms of sale of 2/10 net 60, the implied annual cost of interest from foregoing the discount would be: Show

If a vendor's invoice states terms of sale of 2/10 net 60, the implied annual cost of interest from foregoing the discount would be: Show your work please

a.	13.2%
b.	14.6%
c.	2.0%
d.	13.7%

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