Cost of Trade Credit

Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.

a) 1/15, net 30.

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b) 2/10, net 55.

??????%

c) 3/10, net 45.

????????%

d) 2/10, net 45.

???????%

e) 2/15, net 40.

????????%