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We purchase supplies for $20,000 with terms of 3/10 net /30. What is the effective rate of interest resulting from not taking the discount? 29.84%

We purchase supplies for $20,000 with terms of 3/10 net /30. What is the effective rate of interest resulting from not taking the discount? 29.84% 33.68% O 56.44% 49.31%

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