Question: 8. Geo-M is considering adding a cash discount to its credit terms. If Geo-M offers 3 / 11 net 30 rather than its current net

8. Geo-M is considering adding a cash discount to its credit

8. Geo-M is considering adding a cash discount to its credit terms. If Geo-M offers 3 / 11 net 30 rather than its current net 30 policy, what annualized rate is the company charging customers who do not take the discount? Assume a 365-day year

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