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Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your

Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.

1/15, net 30.

%

2/10, net 50.

%

3/10, net 55.

%

2/10, net 55.

%

2/15, net 40.

%

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