A firm offers terms of 2/15, net 46. What effective annual interest rate does the firm earn when a customer does not take the discount? Effective annual rate If the discount is changed to 4 percent, what will be the effective annual interest rate? Effective annual rate If the credit period is increased to 62 days, what will be the effective annual interest rate? Effective annual rate If the discount period is increased to 22 days, what will be the effective annual interest rate? Effective annual rate