Transcribed image text: A firm grants credit with terms of 2/5, net 20. The firms customers have ______ days to pay in order to receive a _____ percent discount. Select one: 30;5 20;2 2;5 15;2 5;2 Electronics and More offers credit terms of 1/5, net 20. What is the effective annual rate on a $12,000 purchase if you forgo the discount? Select one: 8.59% 0% 27.71% 14.99% 32.58%
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