Calculate the APR and r_EAR of non-free trade credit associated with credit terms of 2/10, net 30, and 1.5/15, net 55, assuming that customers who do not take the discount

pay on the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places.

	Credit terms of
	2/10, net 30	1.5/15, net 55
APR	%	%
rEAR	%	%

delay payment until 10 days after the last due date. Assume there are 360 days in a year. Do not round intermediate calculations. Round your answers to two decimal places.

	Credit terms of
	2/10, net 30	1.5/15, net 55
APR	%	%
rEAR	%	%

Answer rating: 100% (QA)

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