Calculate the APR for an invoice that has the terms 1/20 net 45.

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Calculate the APR for an invoice that has the terms 1/20 net 45.

Calculate the APR for an invoice that has the terms 1/20 net 45.
A) 14.75%
B) 18.80%
C) 12.25%
D) 15.65%
E) 10.35%

Textbook

Corporate Finance Online

Edition: 1^st

Authors: Eakins, McNally

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