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With credit terms of 2/10, n/30, the annual interest rate for paying in 10 days instead of 30 days is closest to: A. 2% B.
With credit terms of 2/10, n/30, the annual interest rate for paying in 10 days instead of 30 days is closest to:
A. 2%
B. 24%
C. 30%
D. 36%
Please only attempt if you can solve the question with proper explanation. Please do not copy from Chegg.
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