On july 15th you purchased 10000 worth of goods the terms, Financial Management

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On july 15th you purchased 10000 worth of goods the terms

On July 15th, you purchased $10,000 worth of goods. The terms of the sale were 3/9, net 45. What is the effective annual rate of interest for the credit period for this sale? Enter your answer in percentages rounded off to two decimal points. Do not enter % in the answer box.

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Financial Management: On july 15th you purchased 10000 worth of goods the terms

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