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One of Tardy's suppliers offers terms of 1/10, net 45. If Tardy's delays payment until day 45 (i.e., does not take the discount), what effective

One of Tardy's suppliers offers terms of 1/10, net 45. If Tardy's delays payment until day 45 (i.e., does not take the discount), what effective annual rate of interest is Tardy paying on its trade credit

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