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Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note; Assume a 30-day month and 360-day year.

Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate.

Note; Assume a 30-day month and 360-day year.

a.3/5,net 60

b.4/10,net 30

c.3/15, net 60

d.4/15,net

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