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A supplier grants your firm credit terms of 2/10, net 30. What is the effective annual rate of the discount if the firm purchases $1,850

A supplier grants your firm credit terms of 2/10, net 30. What is the effective annual rate of the discount if the firm purchases $1,850 worth of merchandise?

42.59 percent

46.59 percent

44.59 percent

46.39 percent

41.99 percent

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