The table contains the Sales estimates for the next year. Month Sales $ Month Sales $ Sales are collected as follows: Jan 32 541 JUlY 58 249 In the month of Sales: 25% In the next month: 317 Feb Au 97,587 g 40,553 After 2 months: 10% After 3 months: remainder is collected M 5 ar 40,553 6\" 32,541 What is the cash collection for July? Apr Oct Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. 581249 40553 Ma Nov V 32541 97,537 June Dec 97,587 58,249 Question 5 1 pts The terms of the sale were 4/9, net 86. What is the effective annual rate of interest? Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box. Question 6 1 pts The terms of the sale were 1/5, not 85. What is the effective annual rate of interest? Convert your answer to percentage and round off to two decimal points. Do not enter % in the answer box