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TB 20-57 A firm sells its $1,000,000 receivables to a facto... A firm sells its $1,000,000 receivables to a factor for $960,000 Average collection period

TB 20-57 A firm sells its $1,000,000 receivables to a facto... A firm sells its $1,000,000 receivables to a factor for $960,000 Average collection period on mo effective annual rate is 2743 48.00% 60.10% 63.219

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