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Posted on May 25, 2024

Zilan Inc. has 40 days of accounts receivables (AR) of $400,000 on its books. A factoring company offers a 40-day AR loan equal to 85%

Zilan Inc. has 40 days of accounts receivables (AR) of $400,000 on its books. A factoring company offers a 40-day AR loan equal to 85% of the face value of the AR. The quoted interest rate is 8%, ...

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