View Policies Current Attempt in Progress Sandhill, Inc, sells $335,000 of its accounts receivable to factors at a 4 percent discount. The firm's average collection period is 90 days, What is the dollar cost of the factoring service? (Round answers to nearest whole dollar, e.g. 5,275.) Dollar cost of factoring $ per month Dollar cost over 90 days $ e Textbook and Media What is the simple annual interest cost of the loan? (Do not rourid itermediate calculations. Round answer to 1 decimal place, e.g. 15.1%) % Simple annual interest cost e Textbook and Media What is the effective annual interest cost of the loan? (Round answer to 2 decimal places, e.g. 15.25%.) Effective annual interest cost