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Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. 4/15, net 60 3/10, net 45 2/10, net
Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. 4/15, net 60 3/10, net 45 2/10, net 75 4/15, net 60 When payment is made on the net due date, the APR of the credit terms of 4/15, net 60 is % The EAR of the credit terms of 4/15, net 60 is % When payment is made on the net due date, the APR of the credit terms of 3/10, net 45 is % The EAR of the credit terms of 3/10, net 45 is % When payment is made on the due date, the APR of the credit terms of 2/10, net 75 is % The EAR of the credit terms of 2/10, net 75 is % When payment is made on the net due date, the APR of the credit terms of 4/15, net 60 is % The EAR of the credit terms of 4/15, net 60 is %
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