Company X sells on a 1/15, net 60, basis. Company Y buys goods with an invoice of $3,500. a. How much can company Y deduct from the bill if it pays on day 15? (Do not round Intermedlete calculatlons.) Discount s S 35 .How many extra days of credit can company Y receive if it passes up the cash discount? Number of days 45 days . What is the effective annual rate of interest if Y pays on the due date rather than day 15? (Use 363 days In a year. Do not round Intermedlate calculetlons. Enter your answer as a percent rounded to 2 declmal places) Effective annual rate