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A firm offers terms of 1/10, net 35 o. What effective annual interest rate does the firm eam when a customer does not take the
A firm offers terms of 1/10, net 35 o. What effective annual interest rate does the firm eam when a customer does not take the discount? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimol place5, e.9., 3216. 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.9., 3216. 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 onswer as a percent rounded to 2 decimal places, e.g., 32.16. d. What effective annuat interest rate does the firm earn if the discount penod is increased to 15 days? Note: Do not round intermediate calculations and enter your answer as o percent rounded to 2 decimal places, e.9., 3216
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