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You purchase on terms of 2/10 net 30 and have been paying on the 30th day. You discover you can stretch your payments to the

You purchase on terms of 2/10 net 30 and have been paying on the 30th day. You discover you can stretch your payments to the 60th day. By doing so you lower your cost of payables by:

Select one: a. 22.04 percentage points b. 36.73 percent c. 14.69 percentage points d. 60.00 percentage points e. 22.04 percent

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