Assume that Morton Lumber and Building offers a 2/10, n30 discount . Further assume that we did not take advantage of this discount. What would the Effective Annual Percentage Rate be because we did not pay within 10 days and get the 2% discount?

Question 1 options:

	10.39
	15.12
	6.79
	44.56

Pleas explain the difference of taking advantage of or foregoing the cash discount..