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What effective annual interest rate does the firm earn if the terms are changed to 1 / 15, net 30, and the customer does not
What effective annual interest rate does the firm earn if the terms are changed to 1 / 15, net 30, and the customer does not take the discount? (Use 365 days a year. Do not round intermediate calculations. Round the final answer to 2 decimal places.) Effective annual interest rate
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