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Your firm is offered credit terms of 1/10, net 30. What is the effective annual interest rate on this arrangement? Assume 365 days in each

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Your firm is offered credit terms of 1/10, net 30. What is the effective annual interest rate on this arrangement? Assume 365 days in each year. Multiple Choice 21.90% O 16.43% O O 20.13% O 18.25% 17.34% O

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