All results must be numeric and rounded to the nearest hundredth Question 1: Vendor 1 offers a discount of 2% if payment is made within 10 days. If the discount is not taken, full payment is due in 30 days. The Monthly purchases amounted from this supplier 20701 riyals. What is the annual cost of not accepting the 2% discount? (APR1 = ?)

Question 2 : A company needs to increase its working capital to 20701 riyals, the Chief Financial Officer (CFO) decide to issue a commercial paper at a discount interest rate of 6 %. Note that the sale of this papers costing the company SR 2,000 / 6 months. 1- Find the Face Value of Commercial Papers to collect 20701 riyals. FV1 = ? 2- Find the effective interest rate of this type of financing. EIR1= ?