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Wildhorse Co. purchased merchandise with an invoice price of $1800 and credit terms of 2/8, n/30. Assuming a 360-day year, what is the implied annual

Wildhorse Co. purchased merchandise with an invoice price of $1800 and credit terms of 2/8, n/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms?

64%

26%

32%

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