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Your supplier offers terms of 2/15. net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and

Your supplier offers terms of 2/15. net 45. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 45? (Hint: Use a 365-day year) The effective annual cost is %. Rounded to two decimal places

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