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if goods are sold on terms of 5/10, net 90, what effective interest rate is if the purchaser pays on day 90? Please show your

if goods are sold on terms of 5/10, net 90, what effective interest rate is if the purchaser pays on day 90? Please show your work.

A) 20.00%

B) 26.37%

C) 24.93%

D) 22.81%

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