Question: 3. The implicit annual cost of borrowing by using the trade credit with the term 3/10, net 30 is closest to which one of the

3. The implicit annual cost of borrowing by using the trade credit with the term 3/10, net 30 is closest to which one of the following annual interest rate?

A. 25%

B. 45%

C. 55%

D. 65%

E. 85%

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