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what is discount : answer should be in one decimal place. extra days for creadit:? Effective annual rate of interest:% Company X sells on a

what is discount : answer should be in one decimal place. extra days for creadit:? Effective annual rate of interest:%

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Company X sells on a 2/18, net 68, basis. Customer Y buys goods with an invoice of $1,030. a. How much can Y deduct from the bill if it pays on day 18? (Round your answer to 1 decimal place.) Discount b. How many extra days of credit can Y receive if it passes up the cash discount? (Round your answer to the nearest whole.) Extra days of credit c. What is the effective annual rate of interest if Y pays on the due date rather than day 18? (Round your answer to 2 decimal places.) Effective annual rate of interest

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