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A firm offers terms of 1.6/10, net 30. a. What effective annual interest rate does the firm earn when a customer does not take the
A firm offers terms of 1.6/10, 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 enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Effective annual interest rate 14.8 % b. What effective annual interest rate does the firm earn if the terms are changed to 2.6/10, net 30, and the customer does not take the discount? (Use 365 days a year. 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 firm earn if the terms are changed to 1.6/10, net 45, and the customer does not take the discount? (Use 365 days a year. 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 d. What effective annual interest rate does the firm earn if the terms are changed to 1.6/15, net 30, and the customer does not take the discount? (Use 365 days a year. 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
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