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A buyer borrows money at 6% interest to pay a $9,000 invoice with terms 1/10,n30 on the 10th day of the discount period. The

  
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A buyer borrows money at 6% interest to pay a $9,000 invoice with terms 1/10,n30 on the 10th day of the discount period. The loan is repaid on the 30th day of the invoice. What is the buyer's net savings for these two transactions? $0 $120.00 $60.00 $61.20

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