Cost of giving up early payment discountsDetermine the cost of giving up the discount under each of the following terms of sale. (Note:Assume a 365-day year.)

1. 2/10 net 30.
2. 1/10 net 30.
3. 1/10 net 45.
4. 3/10 net 90.
5. 1/10 net 60.
6. 3/10 net 30.
7. 4/10 net 180.