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Concord Corporation purchased merchandise with an invoice price of 52400 and credit terms of 7/12/30. Assuming a 360-day year, what is the implied annual interest

Concord Corporation purchased merchandise with an invoice price of 52400 and credit terms of 7/12/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms? 4% 22 80 4096

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