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A firm offers terms of 3/13, net 41. What effective annual interest rate does the firm earn when a customer does not take the discount?

A firm offers terms of 3/13, net 41.

What effective annual interest rate does the firm earn when a customer does not take the discount?

If the discount is changed to 5 percent, what will be the effective annual interest rate?

If the credit period is increased to 65 days, what will be the effective annual interest rate?

If the discount period is increased to 22 days, what will be the effective annual interest rate?

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