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(Trade credit discounts) Determine the effective annualized cost of forgoing the trade credit discount on the following terms a. 2/5, net 35 b. 1/7, net

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(Trade credit discounts) Determine the effective annualized cost of forgoing the trade credit discount on the following terms a. 2/5, net 35 b. 1/7, net 30 c. 3/7, net 20 d. 3/9, net 70 e. 5/7, net 90 f. 4/6, net 80 a. What is the effective annualized cost of forgoing the discount on the trade credit terms of 2/5, net 35? Use a 360-day year L1% (Round to two decimal places.) b. What is the effective annualized cost of forgoing the discount on the trade credit terms of 1/7, net 307 Use a 360-day year [1% (Round to two decimal places ) c. What is the effective annualized cost of forgoing the discount on the trade credit terms of 3/7, net 20? Use a 360-day year % (Round to two decimal places ) d. What is the effective annualized cost of forgoing the discount on the trade credit terms of 3/9, net 70? Use a 360-day year Enter your answer in each of the answer boxes

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