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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 days sooner to take advantage of the discount. Assuming days in a year, interest for days 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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