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Credit terms. Find the effective annual rate of the following credit terms: a. 2.5% discount if paid within 13 days or net within 30 days
Credit terms. Find the effective annual rate of the following credit terms: a. 2.5% discount if paid within 13 days or net within 30 days b. 1.4% discount if paid within 28 days or net within 60 days c, 0.5% discount if paid within 12 days or net within 45 days d, 0.8% discount if paid within 17 days or net within 30 days a. What is the effective annual rate of a 2.5% discount if paid within 13 days or net within 30 days? (Round to two decimal places.) b. What is the effective annual rate of a 1.4% discount if paid within 28 days or net within 60 days? % (Round to two decimal places.) C. What is the effective annual rate of a 0.5% discount if paid within 12 days or net within 45 days? L1% (Round to two decimal places.) d. What is the effective annual rate of a 0.8% discount if paid within 17 days or net within 30 days? % (Round to two decimal places.)
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