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Business, 03.12.2021 01:50 TH3L0N3W0LF

Lima Corporation makes purchases on credit with terms of 2/15, net 45. What is the effective annual rate (rEAR) of non-free trade credit if Lima does not take discounts and pays on Day 45? In your computations, assume there are 360 days in a year. Group of answer choices

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Lima Corporation makes purchases on credit with terms of 2/15, net 45. What is the effective annual...
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