F-11

Credit terms. Find the effective annual rate of the following credit terms: a. 2.4% discount if paid within 8 days or net within 30 days b. 1.2% discount if paid within 25 days or net within 60 days c. 0.5% discount if paid within 16 days or net within 45 days d. 0.8% discount if paid within 23 days or net within 30 days a. What is the effective annual rate of a 2.4% discount if paid within 8 days or net within 30 days? % (Round to two decimal places) b. What is the effectiv annual rate of a 12% discount if paid within 25 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 16 days or net within 45 days? % (Round to two decimal places) d. What is the effective annual rate of a 0.8% discount if paid within 23 days or net within 30 days? % (Round to two decimal places.)