If you borrow $9.500 at $760 interest for one year, what is your effective interest rate for the following payment plans? (Input your answers as a percent rounded to 2 decimal places.) Mr. Hugh Warner is a very cautious businessman. His supplier offers trade credit terms of 2/15. net 90. Mr. Warner never takes the discount offered, but he pays his suppliers in 80 days rather than the 90 days allowed so he is sure the payments are never late