uoma oldall 21-7 Cost of Trade Credit (52 19 Calculate the nominal annual cost of nonfree trade credit under each of th following terms. Assume that payment is made either on the discount dat or on the due date. a. 1/15, net 20 b. 2/10, net 60 c. 3/10, net 45 d. 2/10, net 45 169y in e. 2/15, net 40 b019 anys

1-7 Cost of Trade Credit Calculate the nominal annual cost of nonfree trade credit under each of following terms. Assume that payment is made either on the discount da or on the due date. a. 1/15, net 20 b. 2/10, net 60 c. 3/10, net 45 d. 2/10, net 45 e. 2/15, net 40