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Suppose a company offers the credit term of 3/15 net 45 . What is the implied interest rate a customer pays for the 30-day credit

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Suppose a company offers the credit term of 3/15 net 45 . What is the implied interest rate a customer pays for the 30-day credit period when he/she does not take the cash discount? Select one: A. 3.093% B. 5.093% C. 4.040% D. 2.040%

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