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Your firm purchases goods from its supplier with a discount of 1%, and a discount period of 15 days. If the effective annual cost of

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Your firm purchases goods from its supplier with a discount of 1%, and a discount period of 15 days. If the effective annual cost of forgoing the discount is 15.8%, what is the length of the credit period? A) 10 days B) 20 days C) 30 days D) 40 days E) 50 days

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