What is the effective annual cost of credit terms of 3/15 net 30, if the firm stretches the accounts payable to 60 days? OA) 28.03% B) 1.7% C) 12.65% D) 3.35%

What is the effective annual cost of credit terms of 3/15 net 30 , if the firm stretches the accounts payable to 60 days? A) 28.03% B) 1.7% C) 12.65% D) 3.35%