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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.
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1/15, net 20.
= %
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2/10, net 55.
= %
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3/10, net 50.
= %
-
2/10, net 50.
= %
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2/15, net 40.
= %
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