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Debbie is the Finance Manager for Freddies Fine Furniture, makers of unique chairs and sofas. The company supplying Freddies the wood to make their furniture

Debbie is the Finance Manager for Freddies Fine Furniture, makers of unique chairs and sofas. The company supplying Freddies the wood to make their furniture has offered to let Freddies pay for their $36,271 order in one year if they agree to pay $39,712 at that time. If Debbie accepts the offer what rate of interest will Freddies be charged

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