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(Solved): (Annual percentage yield) Compute the cost of the following trade credit terms using the compoundin ...
(Annual percentage yield) Compute the cost of the following trade credit terms using the compounding formula, or effective annual rate. Note: Assume a 30-day month and 360-day year. a. \( 2 / 10 \), net 45 b. \( 3 / 15 \), net 30 c. \( 4 / 10 \), net 75 d. \( 3 / 10 \), net 45 a. When payment is made on the net due date, the APR of the credit terms of \( 2 / 10 \), net 45 is \%. (Round to two decimal places.)