Branson, Inc., has sold products to the Brandywine Company, a major customer, for $20,000. As a courtesy to Brandywine, Branson has agreed to take a note due in two years for half of the amount due. a. What is the effective price of the transaction to Branson if the interest rate is: 1. 6% 2. 8% 3. 10% 4. 12% b. Under what conditions might the effective price be even less as viewed by Brandywine?