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A supplier grants your firm credit terms of 3/10, net 60 What is the effective annual rate of the discount if the firm purchases $1,750

A supplier grants your firm credit terms of 3/10, net 60 What is the effective annual rate of the discount if the firm purchases $1,750 worth of merchandise? O 2190 percent O 24.90 percent O 27.60 percent 0 20.10 percent O 27.90 percent

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