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Your firm is offered credit terms of 2/20, net 40 . What is the effective annual interest rate on this arrangement? Assume 365 days per

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Your firm is offered credit terms of 2/20, net 40 . What is the effective annual interest rate on this arrangement? Assume 365 days per year. Your firm is offered credit terms of 2/20, net 40 . What is the effective annual interest rate on this arrangement? Assume 365 days per year

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