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Windsor, Inc. purchased merchandise with an invoice price of $1800 and credit terms of 2/9, n/30. Assuming a 360-day year, what is the implied annual

Windsor, Inc. purchased merchandise with an invoice price of $1800 and credit terms of 2/9, n/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms? 4% O 68% O 34% 25%

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