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The customer would have to pay Lynch 2 0 days sooner to take advantage of the 2 % discount. Assuming 3 6 5 days in

The customer would have to pay Lynch 20days sooner to take advantage of the 2% discount. Assuming 365 days in a year, 2% interest for 20days is equivalent to an annual interest rate of . Therefore, with the assumption of no additional costs to the loan, any loan at a rate below this rate would be advantageous for Lynchs customer.

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