Determine the effective annualized cost of foregoing the trade discount on terms 2/10 net 45, - 4460

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Request Description

Determine the effective annualized cost of foregoing the trade discount on terms 2/10 net 45, rounded to the nearest tenth of a percent. 

a. 16.0% 

b. 16.3% 

c. 21.0% 

d. 25.9% 

Solution Description

Determine the effective annua