Credit forms. As manager of Fly-by-Night Airlines, you decide to alow customers 90 days to pay their bills. To encourage early payment, though you allow them to reduce their bills by 22% if they pay within the first 20 days. At what implied effective annual interest rate are you loaning money to your customers? What if you extend the discount to 65 days and allow full payment up to 180 days? At what implied offective annual interest rate are you loaning money to your customers? 1.07% (Round to two decimal places.)