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Your company purchased $10,000 worth of inventory January 2 on credit. The terms...

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Accounting

Your company purchased $10,000 worth of inventory January 2 on credit. The terms of sale are 3/15 net 45. What is the effective annual interest rate if you pay the full amount in 90 days?3.1%16.0%17.6%24.9%44.9%

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