A firm grants trade credit with terms of 3/20,net 60.What effective annual rate (EAR)does a buyer pay by not taking the discount? If the buyer can borrow funds from a bank at 21% per annum,should the account be settled within 20 days? January 1, 2023 by admin 22.04%;yes 16.83%;no 32.04%;yes 16.83%;yes 28.51%;yes See Answer 32.04%;yes