Company X sells on a 7/24, net 68, basis. Customer Y buys goods with an invoice of $1,180.

a.	How much can Y deduct from the bill if it pays on day 24? (Round your answer to 1 decimal place.)
	Discount

b.	How many extra days of credit can Y receive if it passes up the cash discount? (Round your answer to the nearest whole.)
	Extra days of credit

c.	What is the effective annual rate of interest if Y pays on the due date rather than day 24? (Round your answer to 2 decimal places.)
	Effective annual rate of interest