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Mathematics, 25.04.2020 22:28 haileyparrill703

Kingbird, Inc. purchased merchandise with an invoice price of $3200 and credit terms of 2/9, n/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms?

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Kingbird, Inc. purchased merchandise with an invoice price of $3200 and credit terms of 2/9, n/30. A...

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