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Business, 04.07.2019 05:30 Mattixwillard

Astore will give you a 2.50% discount on the cost of your purchase if you pay cash today. otherwise, you will be billed the full price with payment due in 1 month. what is the implicit borrowing rate being paid by customers who choose to defer payment for the month? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places.)

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