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Marigold Corp. purchased merchandise with an invoice price of $3400 and credit terms of 2/11,n/30. Assuming a 360 -day year, what is the implied annual

Marigold Corp. purchased merchandise with an invoice price of $3400 and credit terms of 2/11,n/30. Assuming a 360 -day year, what is the implied annual interest rate inherent in the credit terms? 4% 23% 38% 76%

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