(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. 4/5, net 60 b. 3/10, net 30 c. 2/10, net 75 d. 3/10, net 45 a. When payment is made on the net due date, the APR of the credit terms of 4/5, net 60 is % (Round to two decimal places.)