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Pets Store Inc. sells on terms of 3/10, net 70. What is the effective annual cost of trade credit under these terms? Use a 365-day

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Pets Store Inc. sells on terms of 3/10, 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 sig in the units" box) Answer: 18.81 x (20.36) %

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