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Christy from Google

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Christy from Google

Re: FMorgan post# 306267

Wednesday, 04/07/2010 6:57:19 PM

Wednesday, April 07, 2010 6:57:19 PM

Post# of 346920
Never heard of "5/30 net 60", but it would be HUGE, assuming the buyer got an "arms-length" price. For 100,000 invoice, that would be 5,000, with associated cost of (100,000 X credit line 7% rate x 30 days) $583. Printing money baby.

So by paying on the 30th day, he saves $4,417.
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