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urt's Department Store needs $602,000 to take a cash discount of 2.50/10, net 110. A banker will loan the money for 100 days at an

urt's Department Store needs $602,000 to take a cash discount of 2.50/10, net 110. A banker will loan the money for 100 days at an interest cost of $14,600. a. What is the annual rate on the bank...

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