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questions 28-30. To answer questions below, use a 365-day year. A firm buys raw materials on terms of 5/15, net 55. Question 28 (2.5 points)
questions 28-30. To answer questions below, use a 365-day year. A firm buys raw materials on terms of 5/15, net 55. Question 28 (2.5 points) What is the periodic rate of the trade credit? OA) 3.09% OB) 4.09% OC) 5.26% D) 48.00% E) 55.00% Question 29 (2.5 points) What is the annual percentage rate (APR)? Question 30 (2.5 points) What is the effective annual rate (EAR)? OA) 3.09% OB) 15.00% C) 48.00% D) 55.00% E) 59.64%
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