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CTP · Question #154
CTP Question #154: Real Exam Question with Answer & Explanation
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Question
- (Topic 2) A seller's cost of capital is 12%. The average credit sale is $200,000, and the credit terms are 2/10, net 30. What is the present value of receiving full payment on day 30?
Options
- A$198,019.80
- B$198,046.66
- C$199,335.55
- D$199,344.62
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