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To settle a $5,200 invoice owing to supplier, we can pay either $5,130.42 now or the full amount in 60 days. What rate of simple
To settle a $5,200 invoice owing to supplier, we can pay either $5,130.42 now or the full amount in 60 days. What rate of simple interest would make the two alternatives equivalent? (Use 365 days a year. Round your percentage answer to 2 decimal places.)v
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