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Marsha can purchase goods for her store on credit terms of 2/10, net 28. What is the effective annual rate that Marsha will pay if

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Marsha can purchase goods for her store on credit terms of 2/10, net 28. What is the effective annual rate that Marsha will pay if she foregoes the discount on a purchase of $9,000? O 50.63 percent O 22.03 percent O 31.28 percent O 87.11 percent

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