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Company X sells on a 2/20, net 52, basis. Customer Y buys goods with an...

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Finance

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Company X sells on a 2/20, net 52, basis. Customer Y buys goods with an invoice of $920. o. How much can Y deduct from the bill if it pays on day 20? (Round your answer to 1 decimal place.) b. How many extra days of credit can Y receive if it passes up the cash discount? (Round your answer to the nearest whole) Extra days of credit c. What is the effective annual rate of interest if Y pays on the due date rather than day 20? (Round your answer to 2 decimal places.) Effective annul rate of interest

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