Question

Credit terms. Find the effective annual rate of the following credit? terms: a.??2.1% discount if paid within 7 days or net within 30 days b.??1.8% discount if paid within 28days or net within 60 days c.??0.6?% discount if paid within 11 days or net within 45 days d.??0.9% discount if paid within 17days or net within 30 days a.??What is the effective annual rate of a 2.1?% discount if paid within 7 days or net within 30 ?days?

Answer 1

a. 2.1% discount if paid within 7 days or net within 30 days

b. 1.8% discount if paid within 28 days or net within 60 days

c. 0.6?% discount if paid within 11 days or net within 45 days

d. 0.9% discount if paid within 17 days or net within 30 days