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Sandy's company agreed to credit terms of 3/10,n/30 for merchandise purchased for $3,000. If the year is 360 days, then the annual interest rate implied

Sandy's company agreed to credit terms of 3/10,n/30 for merchandise purchased for $3,000. If the year is 360 days, then the annual interest rate implied by the credit terms will be O 54% O 36% 0 72% O 60%

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