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Lerruqs No Ereta Company purchased merchandise from Calligraphy Company with credit terms 2/08, 1/30. Lerruqs failed to take the discount and instead paid the full

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Lerruqs No Ereta Company purchased merchandise from Calligraphy Company with credit terms 2/08, 1/30. Lerruqs failed to take the discount and instead paid the full amount at the end of the credit period. Required: What is the annual interest percentage lost (foregone) for not taking advantage of this discount? Assume 365 days in a year Multiple Choice O 243% O 365 332 O an 913

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