a firm offers terms of 2/20, net 45. a. what effective annual interest rate does the firm earn when a customer does not take the discount. b. what effective annual interest rate does the firm earn if the discount is changed to 3 percent. c. what effective annual interest rate does the firm earn if the credit period is increased to 65 days. d. what effective annual interest rate does the firm earn if the discount period is increased to 25 days?
