Consider this case: Purple Turtle Group buys most of its raw materials from a single supplier. This supplier sells to Purple Turtle on terms of 1.5/15, net 60. The cost per period of the trade credit extended to Purple Turtle, rounded to two decimal places, is 1.52% Purple Turtle's trade credit has a nominal annual cost of ntermediate calculations to four decimal places, and your final answer to two decimal places.) ,assuming a 365-day year. (Note: Round all The effective annual rate (EAR) of the supplier's trade credit is If Purple Turtle Group's supplier shortens its discount period to five days, this will credit. the cost of the trade