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Your current sales consist of 2 5 units per month at a price of $ 2 0 0 a unit. You are weighing the pros
Your current sales consist of units per month at a price of $ a unit. You are weighing the pros and cons of switching to a net credit policy from your current cash only policy. If you decide to switch your credit policy you also plan to increase the sales price to $ a unit. The monthly interest rate is percent. What is the breakeven default rate of the proposed switch?Question
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