Calculate the nominal annual cost of nonfree trade credit

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Reference no: EM131368073

Calculate the nominal annual cost of nonfree trade credit under each of the following terms. Assume payment is made either on the due date or on the discount 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.

Reference no: EM131368073

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