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You are the new analyst hired by In N Out Burger Inc. and your supervisor has asked you to calculate the APR and the r

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You are the new analyst hired by In N Out Burger Inc. and your supervisor has asked you to calculate the APR and the r EAR of non-free trade credit based on the terms provided by the company's largest meat supplier Horsing Around LLC. Their credit terms are summarized as 3/15, net 45 - what is the APR and rEAR assuming the payment is made on day 45? 1250 and 1324 (12.50% and 13.24%) 3712 and 4413 (37.12% and 44.13%) 2225 and 2500 (22.25% and 25.00) None of the above

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