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Problem 2.5 A business permits its customers to pay with a credit card or to receive a percentage discount for paying cash. For credit card

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Problem 2.5 A business permits its customers to pay with a credit card or to receive a percentage discount for paying cash. For credit card purchases, the business receives 95% of the purchase price 1/2-month later. At an effective annual rate of 12%, the two payment methods are equivalent. Find r

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