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    If a Company Has the Opportunity to Take a Discount
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If a Company Has the Opportunity to Take a Discount

Question 9

Question 9

Multiple Choice

If a company has the opportunity to take a discount of 2/10, n/30 but must borrow money at an annual rate of 16%, what would be the net advantage of taking the discount?


A) 8.3%
B) 8.8%
C) 21.2%
D) 20.5%

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