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Lemoyne mailed an invoice today in the amount of $1,268 with terms of 2/7 net 30. What is the cost of credit to the customer

Lemoyne mailed an invoice today in the amount of $1,268 with terms of 2/7 net 30. What is the cost of credit to the customer if they pay on the last day of the credit period? Assume a 365-day year.

	A.	39.62%
	B.	41.02%
	C.	39.40%
	D.	37.80%
	E.	37.56%

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