Question: Compute the approximate annual interest rate for not taking a discount using the following scenario 2/15 net 40 and 4/10 net 60. A) 24.8% and

Compute the approximate annual interest rate for not taking a discount using the following scenario 2/15 net 40 and 4/10 net 60.

A) 24.8% and 33.8% respectively

B) 29.8% and 30.4% respectively

C) 12.3% and 16.6% respectively

D) None of the above

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