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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

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.

1/15, net 20.
=--------------------%
2/10, net 60.
=--------------------%
3/10, net 50.
=--------------------%
2/10, net 50.
=--------------------%
2/15, net 35.
=--------------------%

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