Company X sells on a 1/10, net 60, basis. Company Y buys goods with an invoice of $2,000. a. How much can company Y deduct from the bill if it pays on clay 10? Note: Do not round intermediate calculations. b. How many extra days of credit can company Y receive if it passes up the cash discount? c. What is the effective annual rate of interest if Y pays on the due date rather than day 10? Note: Use 365 days in a year. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. 0 Answer is complete but not entirely correct. a. Discount $ 20 O b. Number of days 50 0 days c. Effective annual rate 14.75 6 %