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QUESTION 8 Efin Co, offers terms of 3/5, net 20. What is the effective annual rate (EAR) Efin Co. carns when a customer does not

QUESTION 8 Efin Co, offers terms of 3/5, net 20. What is the effective annual rate (EAR) Efin Co. carns when a customer does not take the discount? Assume 360 days a year. 68.49% 76.54% 87.69% 107.72%

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