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Answer the following questions assuming a 360 -day year. Required: a. Calculate the approximate annual rate of teturn on investment of the following cash discount

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Answer the following questions assuming a 360 -day year. Required: a. Calculate the approximate annual rate of teturn on investment of the following cash discount terms: b. Which of these terms, if any, is not likely to be a significant incentive to the customer to pay promptly? Complete this question by entering your answers in the tabs below. Colculate the approximate annual rate of return on investment of the following cash discount terms: Note: Do not round intermediate calculations. Enter your answers as a percentage rounded to I decimat place (i.e., 32.1)

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