A firm offers terms of 1 2 10, net 30 a 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 final answer to 2 decimal places (e g , 32 16)) Effective annual interest rate b What effective annual interest rate does the firm earn if the terms are changed to 2 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 final answer to 2 decimal places (e g , 32 16)) Effective annual interest rate c What effective annual interest rate does the firm earn if the terms are changed to 1 2 10, net 45, and the customer does not take the discount (Use 365 days a year Do not round intermediate calculations and round your final answer to 2 decimal places (e g , 32 16)) Effective annual interest rate d What effective annual interest rate does the firm earn if the terms are changed to 1 2 15, net 30, and the customer does not take the discount (Use 365 days a year Do not round intermediate calculations and round your final answer to 2 decimal places (e g , 32 16)) Effective annual interest rate rev 12 07 2012

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A firm offers terms of 1.2/10, net 30. a. What effective annual interest rate does the firm earn when a customer does not take the

A firm offers terms of 1.2/10, 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 final answer to 2 decimal places. (e.g., 32.16))

Effective annual interest rate %

What effective annual interest rate does the firm earn if the terms are changed to 2.2/10, net 30, and the customer does not take the discount? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Effective annual interest rate %

What effective annual interest rate does the firm earn if the terms are changed to 1.2/10, net 45, and the customer does not take the discount? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Effective annual interest rate %

What effective annual interest rate does the firm earn if the terms are changed to 1.2/15, net 30, and the customer does not take the discount? (Use 365 days a year. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Effective annual interest rate %

rev: 12_07_2012