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37. The seller has a cost of capital of 12%. The seller is offering a buyer a discount of 2/15, net 30 for a $150,000

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37. The seller has a cost of capital of 12%. The seller is offering a buyer a discount of 2/15, net 30 for a $150,000 sale. What is the present value if the sale is made on the last net day? a. $118,828. b. $155,962. c. $124,769. d. $148,535

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