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Coronado Company purchased merchandise with an invoice price of $ 4 0 0 0 and credit terms of 2 1 0 , n 3 0

Coronado Company purchased merchandise with an invoice price of $4000 and credit terms of 210,n30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms?
42%
48%
36%
24%
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