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A supplier hands you an invoice for $48,000 with the terms 4/25, net 60. Part 1 What is the implicit interest rate (not annualized) you

A supplier hands you an invoice for $48,000 with the terms 4/25, net 60.

Part 1

What is the implicit interest rate (not annualized) you are charged if you forgo the discount and pay as late as possible?

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