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Pruette Company sells its goods with credit terms of 5/15, net 45. Calculate the equivalent annual interest rate for a customer who pays 45 days
Pruette Company sells its goods with credit terms of 5/15, net 45. Calculate the equivalent annual interest rate for a customer who pays 45 days after the invoice date instead of 15 days after that date. 59% 15% 75% 0 63% 90%
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