A firm offers terms of 1/10, net 25.

A firm offers terms of 1/10, net 25. a. What effective annual interest rate does the firm earn when a customer does not take the discount? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.) Effective annual interest rate 27.70% b. What effective annual interest rate does the firm earn if the discount is changed to 2 percent? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual interest rate C. What effective annual interest rate does the tim earn it the credit period is increased to 45 days? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual interest rate 11.05% d. What effective annual interest rate does the firm earn if the discount period is increased to 15 days? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual interest rate 44 31 | % eBook &Resources 11:00 AM O Type here to search A a11/21/2018