effective annual rate Note: Assume a 30-day month and Effective annual rate) Compute the cost of the following trade credit terms using the compounding formula, or 360-day year a. 4/5, net 30 b. 4/10, net 45 c. 3/10, net 75 d. 2/15, net 60 Round to two decimal places )% a When payment is made on the net due date the APR of the credit terms of 45 net 30 is The EAR of the credit terms of45 net 30 is[]% (Round to two decimal places) When payment is made on the net due date, the APR of the credit terms of 4 10. net 45 is % Round to two decimal places The EAR of the credt terms of 410, net 45Round to two daecimal places) c when payment is made on the net de date the APR of thecre te m of 3/10 net 756 % Round to two decimal places) The EAR of the credit terms od 3/10 net 75 is% (Round to two decimal places ) d. When payment is made on the net due date, the APR of the credit terms of 2/15, net 60 is [ ]% (Round to two decimal places ) The EAR of the credit terms of2/15, net 60 is[]% (Round to two decimal places )