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Your company purchased $50,000 worth of inventory January 2nd on credit. The terms of sale are 2/15, net 45. What is the effective annual interest

Your company purchased $50,000 worth of inventory January 2nd on credit. The terms of sale are 2/15, net 45. What is the effective annual interest rate if you pay the full amount in 80 days without any penalty or late fee from your supplier?

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