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Mary Had a Little Lamb LLC., made a raw materials purchase of $50,000 with terms of 2/10 net 30 on July 16th. What is the
Mary Had a Little Lamb LLC., made a raw materials purchase of $50,000 with terms of 2/10 net 30 on July 16th. What is the effective interest rate cost of giving up the discount?
(Give at least 4 significant digits in your answer)
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