Which one of the following changes to the terms of credit would increase the effective annual interest rate charged Multiple Choice Decreasing the discount period only Increasing the cash discount percentage Extending the payment period only Extending the discount period and payment period by 10 days each

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Which one of the following changes to the terms of credit would increase the effective annual interest rate charged? Multiple Choice Decreasing the discount period

Which one of the following changes to the terms of credit would increase the effective annual interest rate charged?

Multiple Choice

Decreasing the discount period only
Increasing the cash discount percentage
Extending the payment period only
Extending the discount period and payment period by 10 days each

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