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Factoring A/R (discounted). What is the APR if $100,000 face amount of A/R are factored carrying 60-day credit terms, 2% factor fee, 6% reserve, and
Factoring A/R (discounted). What is the APR if $100,000 face amount of A/R are factored carrying 60-day credit terms, 2% factor fee, 6% reserve, and interest @ 1%/MO on advances
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