Cost of giving up early payment discounts Determine 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.