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Memphis Metro just made a $75,000 purchase from a supplier, subject to the extension of suitable trade credit terms. Using a discount rate of 7%,

Memphis Metro just made a $75,000 purchase from a supplier, subject to the extension of suitable trade credit terms. Using a discount rate of 7%, calculate the present value of this cash outflow assuming trade credit terms of

a) 30 days

b) 45 days

c) 60 days

d) 90 days

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