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Suppose AAA Inc. sells 200,000 sets a year at a price of $200 each. All sales are on credit under the terms 3/10, net 40

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Suppose AAA Inc. sells 200,000 sets a year at a price of $200 each. All sales are on credit under the terms 3/10, net 40 . What is the nominal cost of financing? 38.15%40.25%35.02%37.63%

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