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LujunaM55
Nov 4, 2007, 08:25 AM
A firm offers terms of sale of 3/20, net 40. What effect will the following actions have on the implicit interest rate charged to customers that pass up the cash discount?
WOuld the implicit interest rete increase or decrease?

1. The terms changed to 4/20, net 40
2. The terms changed to 3/30, net 40
3. The terms changed to 3/20, net 30