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What is the implied interest rate on the trade credit if the discount for early payment is 2/10, net 45? Multiple Choice 20.9 percent 16.5

What is the implied interest rate on the trade credit if the discount for early payment is 2/10, net 45? Multiple Choice 20.9 percent 16.5 percent 23.5 percent 17.8 percent O 51.8 percent

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