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Use the following information to answer questions 28-30. To answer questions below, use a 365-day year. A firm buys raw materials on terms of 5/15,

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Use the following information to answer 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 29 (2.5 points) Saved What is the annual percentage rate (APR)? OA A) 3.09% B) 15.00% OC C) 37.60% OD) 48.00% E) 55.00% Question 30 (2.5 points) What is the effective annual rate (EAR)? O A) 3.09% B) 15.00% C) 48.00%

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