Product to an industrial customer

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Reference no: EM131442503

You’ve sold a product to an industrial customer for $194282. You normally allow your industrial customers 10 months to pay-off their account. The customer asks for a discount on the price if it pays immediately. If your bank account pays 7.0% APR, compounded monthly, what price should you offer the customer if it pays today?

Reference no: EM131442503

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