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Your opportunity cost is 7.6 % and you are given the following 3 credit terms from your suppliers. Determine the implicit interest rate (opportunity cost)
Your opportunity cost is 7.6 % and you are given the following 3 credit terms from your suppliers. Determine the implicit interest rate (opportunity cost) of each discounted terms and determine which discounts you will take based upon the terms and opportunity cost of funds.
2/10 net 45
1/5 net 60
.5/10 net 30
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