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fill in blanks Company X sells on a 2/18, net 68, basis. Customer Y buys goods with an invoice of $1,030. a. How much can
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Company X sells on a 2/18, net 68, basis. Customer Y buys goods with an invoice of $1,030. a. How much can Y deduct from the bill if it pays on day 18? (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 pays on the due date rather than day 18? (Round your answer to 2 decimal places:) Effective annual rate of interest Step by Step Solution
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