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Clarks Landscaping bills customers subject to terms 3/30, n/50. Required: 1. Compute the annual interest...

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Accounting

Clarks Landscaping bills customers subject to terms 3/30, n/50. Required: 1. Compute the annual interest rate implicit in the sales discount. (Use 365 days in a year. Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (i.e. 0.1234 should be entered as 12.34).)

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