Question 3 (1 point) Pets Store Inc. sells on terms of 3/20, net 75. What is...
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Question 3 (1 point) Pets Store Inc. sells on terms of 3/20, net 75. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer: Answer units Next Page Question 3 (1 point) Pets Store Inc. sells on terms of 3/20, net 75. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box) Your Answer: Answer units Next Page
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