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On an average sale, Greg's Golfing Store receives revenues of $ 1 3 0 and incurs costs with a present value of $ 6 5

On an average sale, Greg's Golfing Store receives revenues of $130 and incurs costs with a present value of
$65. The current interest rate is 9 percent per year. If sales are made on terms of net 30, what is the break-
even probability of collection?
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