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Leontiefs Wigs can take a cash discount but has to borrow money from the bank to do so. The bank offers a 16% interest rate.

Leontiefs Wigs can take a cash discount but has to borrow money from the bank to do so. The bank offers a 16% interest rate. The terms of the cash discount are 2/10, net 60. Because of this, Leontief's should borrow from the bank to take the discount.

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