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1) Simone runs a small business and receives an invoice on Jan 22, 2020 for $2000 payable in 60 days. The invoice offers a discount

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1) Simone runs a small business and receives an invoice on Jan 22, 2020 for $2000 payable in 60 days. The invoice offers a discount of 2% for immediate payment. If Simone doesn't pay immediately and instead pays in 60 days, on what date does she pay? What effective annual interest rate is she paying? Use the daycount convention ACT/365

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