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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? 56.44%

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? 56.44% 30.04% 24.83% 41.89%

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