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CTP · Question #672
CTP Question #672: Real Exam Question with Answer & Explanation
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Question
- (Topic 7) A company offers credit terms of net 40, with an opportunity cost of 12% to a customer. What discount would have to be offered for the customer to be indifferent between paying on Day 40 and paying with the discount on Day 10?
Options
- A1.0%
- B1.3%
- C1.6%
- D2.0%
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