this was my attempt!

not sure if I did it right!

2. Given terms of 1/15 net 40, an invoice amount of $1,000, and a current value of funds rate of 24%, should the buyer take the discount? $1,000 x 24% 240 Achieve a benefit of $240. Expressed as a percentage, this is: $240/$760 = 31.5789% Annualized it is: 31.5789 x 365/240 48.0%