Question
A store will give you a3% discount on the cost of your purchase if you pay cash today. otherwise you will be billed the full
A store will give you a3% 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?
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
