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KK company is your supplier. You need to pay the company for some inventories that are worth $ 1 0 0 , 0 0 0

KK company is your supplier. You need to pay the company for some inventories that are worth $

100, 000 .

KK company offers you a credit terms of

1 / 10

net

70 .

implied interest to you if you don

t want to get the discount. Assume there are

360

days in one year.

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