Calculate the nominal annual cost of trade credit under each of the following terms. Assume a 365-day year. Do not round intermediate calculations. Round your answers to two decimal places.
a. 1/15, net 30.
24.58 %
b. 2/10, net 55.
16.55 %
c. 3/10, net 45.
%
d. 2/10, net 45.
%
2/15, net 40.
29.80 %
