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Exercise 2- Implied interest rate in cash di Moti Inc. provides 4/15, n/50 credit terms to all its customers. Required: scounts: What is the implied

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Exercise 2- Implied interest rate in cash di Moti Inc. provides 4/15, n/50 credit terms to all its customers. Required: scounts: What is the implied interest rate in the above credit term? The bank's interest rate is 20%. Should the customer pay early and take the discount or not? Explain 1. 2

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