Calculate the APR and r_EAR of non-free trade credit associated with credit terms of 2/20, net 40, and 1.5/10, net 40, assuming that customers who do not take the discount

pay on the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places.

	Credit terms of
	2/20, net 40	1.5/10, net 40
APR	%	%
rEAR	%	%

delay payment until 10 days after the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places.

	Credit terms of
	2/20, net 40	1.5/10, net 40
APR	%	%
rEAR	%	%