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A firm offers terms of 1 1 0 , net 3 5 . a . What effective annual interest rate does the firm earn when

A firm offers terms of 110, net 35.
a. What effective annual interest rate does the firm earn when a customer does not take the discount?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
b. What effective annual interest rate does the firm earn if the discount is changed to 2 percent?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
c. What effective annual interest rate does the firm earn if the credit period is increased to 55 days?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
d. What effective annual interest rate does the firm earn if the discount period is increased to 15 days?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
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