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Terms of credit are 3/20 net 60, but the payment is made on the 75th day. The effective interest rate would be: Select one: O

Terms of credit are 3/20 net 60, but the payment is made on the 75th day. The effective interest rate would be: Select one: O a. 27.8% Ob 20.2% Oc. 111.396 O d. 74.2% O e 29.9%

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