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The Robbie Inc. is considering giving a cash discount to its customers to encourage early payments. If the proposed term of trade is 4 /

The Robbie Inc. is considering giving a cash discount to its customers to encourage early payments. If the proposed term of trade is 4 / 15 net 35, what is the implied interest rate of giving the cash discount?

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a.143.84%

b.76.04%

c.110.64%

d.42.45%

e.53.07%

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