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Trade credit terms of 3/15 net 60 are offered. What is the annualized cost of the trade credit discount? Select one: a. 3% Ob. 15%

Trade credit terms of 3/15 net 60 are offered. What is the annualized cost of the trade credit discount? Select one: a. 3% Ob. 15% O c. 3.09% O d. 25.09%

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