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McCallister's just purcahsed $15,500 worth of inventory . The terms of the sale were 1/10, net 30. What is the implicit interest ? McCallister's just

McCallister's just purcahsed $15,500 worth of inventory . The terms of the sale were 1/10, net 30. What is the implicit interest ? image text in transcribed
McCallister's just purchased $15,600 worth of inventory. The terms of the sale were 1/10, net 30. What is the implicit interest? Multiple Choice $140 $166 S176 S146

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