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Calculate the nominal annual cost of non-free trade credit under each of the following terms. Assume that payment is made either on the discount date

Calculate the nominal annual cost of non-free trade credit under each of the following terms. Assume that payment is made either on the discount date or on the due date. a. 1/10, net 20

b. 2/10, net 60

c. 3/10, net 45

d. 2/10, net 45

e. 2/10, net 40

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