Both questions 4 and 5

Question 4 2 pts What is the effective interest rate of a trade discount of 2/13, net 30? Express answer in decimal format with four digits after the decimal. For example, 28.43% should be expressed as 0.2843 31 Question 5 1 pts You're offered a trade discount from your material supplier of 1/2% the invoice amount if paid within 10 days. The net amount is due 30 days regardless. You have a line of credit that costs you 7% APR. Will you use your line of credit to pay off the material supplier early? Yes, the line of credit is less than the trade discount No, the line of credit is more expensive than the discount Question 4 2 pts What is the effective interest rate of a trade discount of 2/13, net 30? Express answer in decimal format with four digits after the decimal. For example, 28.43% should be expressed as 0.2843 31 Question 5 1 pts You're offered a trade discount from your material supplier of 1/2% the invoice amount if paid within 10 days. The net amount is due 30 days regardless. You have a line of credit that costs you 7% APR. Will you use your line of credit to pay off the material supplier early? Yes, the line of credit is less than the trade discount No, the line of credit is more expensive than the discount