Question: Could you please explain why the answer for this problem is 18% annually. This is he Accounting Information System 9 edition. Here is the prompt:

Could you please explain why the answer for this problem is 18% annually. This is he Accounting Information System 9 edition.

Here is the prompt: If available, a 1% discount for payment within 10 days instead of 30 days represents an approximate savings of ________% annually.

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