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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? A)

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? A) 3.09% OB) 4.09% C) 5.26% D) 48.00% OE) 55.00% Question 29 (2.5 points) What is the annual percentage rate (APR)? A) 3.09%

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