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Marigold Company purchased merchandise with an invoice price of $2200 and credit terms of 1/10, r/30. Assuming a 360 day year, what is the implhed

Marigold Company purchased merchandise with an invoice price of $2200 and credit terms of 1/10, r/30. Assuming a 360 day year, what is the implhed annual interest rate inherent in the credit terms? Multiple Choice Question 66 020% o 24% 18% 030%

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