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QUESTION 33 Please use the following information to calculate the approximate annual interest rate for the two different discount terms. Please enter responses as percentage

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QUESTION 33 Please use the following information to calculate the approximate annual interest rate for the two different discount terms. Please enter responses as percentage rounded to one decimal point. A 1/5 net 30 B 2/3 net 60 Approximate interest rate for A: Approximate interest rate for B: Example response: 10.0% Would a payor prefer A or B? Example response: A

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