What is the annual percentage rate apr of non-free trade, Financial Management

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What is the annual percentage rate apr of non-free trade

Tivo Corporation purchases its raw materials on credit with terms of 3/10, net 30. What is the annual percentage rate (APR) of non-free trade credit if Tivo does not take the discount and pays on Day 30. In your computations, assume there are 360 days in a year. (answer no percentage, whole number with two decimal points)?

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Financial Management: What is the annual percentage rate apr of non-free trade

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