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Reese Company purchased merchandise with an invoice price of $3,000 and credit terms of 2/10, n/30. Assuming a 360 day year, what is the implied annual interest rate inherent in the credit terms?
Netiquette
The set of informal rules and conventions governing polite and effective online communication and interaction.
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A set of guidelines for proper behavior and respecting others when communicating or interacting online.
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World Wide Web
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