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< Your supplier offers terms of 2/20, net 50. What is the effective annual cost of trade credit if you choose to forgo the

< Your supplier offers terms of 2/20, net 50. What is the effective annual cost of trade credit if you choose to forgo the discount and pay on day 50? (Hint: Use a 365-day year). The effective annual cost is %. (Rounded to two decimal places.)

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