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Question 20 2 pts MOJO Corporation purchases goods on credit with terms of 4.5/15, net 40. Which of the following is the annual cost (APR)

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Question 20 2 pts MOJO Corporation purchases goods on credit with terms of 4.5/15, net 40. Which of the following is the annual cost (APR) of the non-free trade credit if the firm pays on Day 40 (1.e. the cost of forgoing the discount)? In your computations, assume there are 360 days in a year. 42.41% O 67.85% O 0.00% 30.84% 113.09% Previous Next siling

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