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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

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. Compute the 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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