(Effective annual rate) Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note: Assume a 30-day month and 360-day year. a. 3/5, net 60 b. 4/15, net 30 c. 3/10, net 60 d. 2/10, net 60 a. When payment is made on the net due date, the APR of the credit terms of 3/5, net 60 is 20.24%. (Round to two decimal places.) The EAR of the credit terms of 3/5, net 60 is 22.06%. (Round to two decimal places.) b. When payment is made on the net due date, the APR of the credit terms of 4/15, net 30 is 100% (Round to two decimal places.) The EAR of the credit terms of 4/15, net 30 is 166.37%. (Round to two decimal places.) c. When payment is made on the net due date, the APR of the credit terms of 3/10, net 60 ls 22.27%. (Round to two decimal places.) The EAR of the credit terms of 3/10, net 60 is 24.52% (Round to two decimal places.) d. When payment is made on the net due date, the APR of the credit terms of 2/10, net 60 is 14.69% (Round to two decimal places.) The EAR of the credit terms of 2/10, net 60 is 15.65%. (Round to two decimal places.)