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Please Answer, Will rate! Exercise 2 - Implied interest rate in cash discounts: Moti Inc. provides 4/15, n/50 credit terms to all its customers. Required:

Please Answer, Will rate!

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Exercise 2 - Implied interest rate in cash discounts: Moti Inc. provides 4/15, n/50 credit terms to all its customers. Required: 1. What is the implied interest rate in the above credit term? 2. The bank's interest rate is 20%. Should the customer pay early and take the discount or not? Explain

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