Pets Store Inc. sells on terms of 1/15, net 60. What is the effective annaul cost of

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Pets Store Inc. sells on terms of 1/15, net 60. What is the effective annaul cost of trade credit under these terms? Use a 365-day year.

Round the answer to two decimal places in percentage form.

Posted Date: May 18, 2024 08:07 PM

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Pets Store Inc. sells on terms of 1/15, net 60. What is the effective annaul cost of

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