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Please answer all scenarios, PLEASE! (Effective annual rate) Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate.
Please answer all scenarios, PLEASE!
(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 30 b. 4/10, net 45 c. 3/15, net 75 d. 4/15, net 30 %. (Round to two decimal places.) a. When payment is made on the net due date, the APR of the credit terms of 3/5, net 30 is The EAR of the credit terms of 3/5, net 30 is%. Round to two decimal places.) b when payment is made on the net due date, the APR of the credit terms of 4 10 net 45is The EAR of the credit terms of 4/10, net 45 is D96. (Round to two decimal places.) c. When payment is made on the net due date, the APR ofthe credit terms of 3/15, net 75 is The EAR of the credit terms of 3/15, 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 4 15 net 30 s The EAR of the credit terms of 4115, net 30 is | %. (Round to two decimal places.) % Round to two d al paces. %. (Round to two decimal places.) % Round tot ode a acesStep by Step Solution
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