The EAR of the credit terms of 3/15, net 60 is _%

(Annual percentage yield) Compute the cost of the following trade credit terms using the compounding formula or effective annual rate. Noter Assume a 30-day month and 360-day year a. 3/15, net 60 b. 4/10, net 30 C. 2/15, net 60 d. 4/15. net 45 a. When payment is made on the net due date, the APR of the credit terms of 3/15, net 60 is 24.74% (Round to two decimal places) The EAR of the credit term of 2/16, net 60 % (Round to two decimal places)