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A firm offers terms of 2 1 0 , net 3 0 . a . What effective annual interest rate does the firm earn when

A firm offers terms of 210, 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.)
b. What effective annual interest rate does the firm earn if the terms are changed to 310,
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.)
c. What effective annual interest rate does the firm earn if the terms are changed to 210,
net 60, 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.)
d. What effective annual interest rate does the firm earn if the terms are changed to 2/15,
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.)
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