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The Summer Store just purchased $89.42 of goods from its supplier with terms 2/10 net 30. What is the nominal interest rate if the item

The Summer Store just purchased $89.42 of goods from its supplier with terms 2/10 net 30.  What is the nominal interest rate if the item is paid for in 30 days.  Assume 365 days in a year.  Show your answer to the near .01%.

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