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please help with both QUESTION 1 Efin Co. offers terms of 1/15, net 40. What is the effective annual rate (EAR) Efin Co. carns when

please help with both image text in transcribed
QUESTION 1 Efin Co. offers terms of 1/15, net 40. What is the effective annual rate (EAR) Efin Co. carns when a customer does not take the discount? Assume 360 days a year. 15.57% 16.85% 18.42% 19.62% QUESTION 2 1 por AXE Co. offers terms of 1/15, net 40. What is the annual percentage rate (APR) AXE Co. earns when a customer does not take the discount? Assume 360 days a year 14.55% 22.64% 24.15% 26.83%

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