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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

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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 answers to two decimal places. a. 1/15, net 20. % b. 2/10, net 50 . % c. 3/10, net 55 . % d. 2/10, net 55 . % e. 2/15, net 35 . %

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