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A firm offers terms of 2/7, net 60. a. What effective annual interest rate does the firm earn when a customer does not take the

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A firm offers terms of 2/7, net 60. a. What effective annual interest rate does the firm earn when a customer does not take the discount? b. What effective annual interest rate does the firm earn if the terms are changed to 3/7, net 60, and the customer does not take the discount? What effective annual interest rate does the firm earn if the terms are changed to 2/7, net 75, and the customer does not take the discount? d. What effective annual interest rate does the firm earn if the terms are changed to 2/12, net 60, and the customer does not take the discount

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