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If you are offered trade credit at 3/5 net 30, what is the effective annual interest rate for paying at day 30? A. 12.00% B.

If you are offered trade credit at 3/5 net 30, what is the effective annual interest rate for paying at day 30?

A. 12.00%

B. 18.75%

C. 29.80%

D. 32.39%

E. 45.15%

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