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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 60. %
3/10, net 50. %
2/10, net 50. %
2/15, net 35.
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