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Page 3 of Next Page Question 3 (1 point) Pets Store Inc. sells on terms of 1/20, net 70. What is the effective annual cost

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Page 3 of Next Page Question 3 (1 point) Pets Store Inc. sells on terms of 1/20, net 70. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form. (Write the percentage sign the "units" box) Your Answer: Answer units Page 3 Next Page of muestions saved

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