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Tiny Tim can borrow money at his bank at 15% to take a cash discount. The terms of the cash discount are 2.5/14, net 75.

Tiny Tim can borrow money at his bank at 15% to take a cash discount. The terms of the cash discount are 2.5/14, net 75. What is the cost of not taking the cash discount? 15.34% O 2.56% 5.98% 15.0%

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