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If the bank offered a 7% discount for immediate payment of a bill which is due in 120 days. What is the largest simple interest

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If the bank offered a 7% discount for immediate payment of a bill which is due in 120 days. What is the largest simple interest rate at which you could afford to barrow in order to pay cast? Follow the format. 1. Given: 2. Formula: 3. Required: 4. Cash flow Sketch: 5. Solution

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