Part $1$ of $6$

Points: $0$ of $1$

$($Trade credit discounts$)$ Determine the effective annualized cost of forgoing the trade credit discount on the following terms:

a$.115,$ net $35$

b$.\frac{1}{10},$ net $25$

c$.\frac{1}{6},$ net $45$

d$.\frac{4}{7},$ net $50$

e$.\frac{4}{8},$ net $60$

f$.\frac{4}{6},$ net $80$

a$.$ What is the effective annualized cost of forgoing the discount on the trade credit terms of $\frac{1}{5},$ net $35?$ Use a $360-$day year.

$\%($Round to two decimal places.$)$