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Your firm is offered credit terms of 1/10, net 35. What is the effective annual interest rate on this arrangement? Assume 365 days in each

Your firm is offered credit terms of 1/10, net 35. What is the effective annual interest rate on this arrangement? Assume 365 days in each year. 13.87% 17.20% 13.14% O 15 80% o 1460%

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