Question: Some of the items in Problem 17 involve a cash discount. For each of these, calculate the rate of interest paid by customers who pay

Some of the items in Problem 17 involve a cash discount. For each of these, calculate the rate of interest paid by customers who pay on the due date instead of taking the cash discount.

a. 2/30, net 60.

b. 2/5, EOM, net 30.

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