Pet store inc sells on terms of 210 net 50 what is the, Financial Management

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Pet store inc sells on terms of 210 net 50 what is the

Pet Store Inc. sells on terms of 2/10, net 50. What is the effective annual cost of trade credit under these terms? Use a 365-day year. Please show formula and explain step by step. I've tried other formulas on here and continue to get the wrong answer.

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Financial Management: Pet store inc sells on terms of 210 net 50 what is the

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