1. If a firm buys on trade credit terms of 3/10, net 45 and decides to forgo the trade credit discount and pay on the next day, what is the annualized cost of forgoing the discount (assume a 365-day year)? The annualized cost of the trade credit terms of 3/10, net 45 is ___% (Round to two decimal places.) 2. Determine the annualized cost of forgoing the trade credit discount on the terms of 1/10, net 20 (assume a 360-day year). The annualized cost of the trade credit terms of 1/10, net 20 is ___% (Round to two decimal places.) 3. Calculate the annualized cost of the trade credit terms of 1/10, net 90 when payment is made on the net due date (assume a 365-day year). The annualized cost of the trade credit terms of 1/10, net 90 is ___% (Round to two decimal places.)