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PLEASE ANSWER IT IN EXCEL FORMAT Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do

image text in transcribedPLEASE ANSWER IT IN EXCEL FORMAT

Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places. a. 1/15, net 25. % b. 2/10, net 50. % c. 3/10, net 55. % d. 2/10, net 55. % e. 2/15, net 40. %

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