P18-8 (similar to) Question Help 0 (Related to Checkpoint 18.2) (Calculating the cost of trade credit) Calculate the annualized cost of the trade credit terms of 5/10, net 60 when payment is made on the net due date assume a 365-day year). The annualized cost of the trade credit terms of 5/10, net 60 is % (Round to two decimal places.)