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Calculate the APR and rEAR of non - free trade credit associated with credit terms of 2 / 2 0 , net 4 0 ,

Calculate the APR and rEAR of non-free trade credit associated with credit terms of 2/20, net 40, and 1.5/15, net 45, 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 401.5/15, net 45
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 401.5/15, net 45
APR
%
%
rEAR
%
%

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