Calculate the APR and r_EAR of non-free trade credit associated with credit terms of 4/15, net 60, and 3.5/20, net 80, 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
	4/15, net 60	3.5/20, net 80
APR	%	%
rEAR	%	%

delay payment until 15 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
	4/15, net 60	3.5/20, net 80
APR	%	%
rEAR	%	%