A firm offers terms of 1 10, net 30 What effective annual interest rate does the firm earn when a customer does not take the discount (Use 365 days a year Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) b What effective annual interest rate does the firm earn if the terms are changed to 2 10, net 30, and the customer does not take the discount (Use 365 days a year Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) c What effective annual interest rate does the firm earn if the terms are changed to 1 10, net 45, and the customer does not take the discount (Use 365 days a year Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) d What effective annual interest rate does the firm earn if the terms are changed to 1 14, net 30, and the customer does not take the discount (Use 365 days a year Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 )

Question

A firm offers terms of 1 10, net 30  What effective annual interest rate does the firm earn when a customer does not take the discount  (Use 365 days a year  Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) b  What effective annual interest rate does the firm earn if the terms are changed to 2 10, net 30, and the customer does not take the discount  (Use 365 days a year  Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) c  What effective annual interest rate does the firm earn if the terms are changed to 1 10, net 45, and the customer does not take the discount  (Use 365 days a year  Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 ) d  What effective annual interest rate does the firm earn if the terms are changed to 1 14, net 30, and the customer does not take the discount  (Use 365 days a year  Do not round intermediate calculations and round your answer to 2 decimal places, e g , 32 16 )

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A firm offers terms of 1/10, net 30. What effective annual interest rate does the firm earn when a customer does not take the discount?

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