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Business, 25.11.2020 14:00 jay7176

A store will give you a 2.75% discount on the cost of your purchase if you pay cash today. Otherwise, you will be billed the full price with payment due in 1 month. What is the implicit borrowing rate being paid by customesrs who choose to defer payment for the month?

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A store will give you a 2.75% discount on the cost of your purchase if you pay cash today. Otherwise...
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