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Annual percentage yield) Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note: Assume a 30-day month

Annual percentage yield) Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note: Assume a 30-day month and 360-day year.

a. 2/5, net 45

b. 4/10, net 30

c. 2/10, net 60

d. 4/10, net 30

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